COUNCIL COMMUNICATION
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DATE: 8-19-02 |
SUBJECT: FINAL READING OF ORDINANCE NO. 2002-O-197 Authorizing the City Manager to
execute a lease with Border Sporting Goods, Inc., for approximately 6,583
square feet constituting Building No. 190 located at 5207 Maher Avenue at the
Laredo International Airport. Lease
term is for five (5) years commencing on July 1, 2002 and ending on June 30,
2007. Monthly rent shall be $2,107.00
and will be adjusted annually according to changes in the Consumer Price Index;
providing for an effective date. |
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INITIATED
BY: Cynthia
Collazo Assistant City Manager |
STAFF SOURCE: Jose L. Flores Airport Director |
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PREVIOUS
ACTION: On August 5,
2002, Ordinance was introduced by City Council, and Staff was instructed to
proceed. BACKGROUND:
Border Sporting Goods has occupied
several buildings within the Laredo International Airport since 1983 and has
remained a tenant in good standing.
Lessee has occupied this particular building since 1992 and wishes to
continue occupying the premises. In addition to the monthly rental,
Lessee is responsible for all structural and non-structural building
components, maintenance, as well as public liability and property damage
insurance in the amounts of $500,000 and $100,000, respectively, naming the
City of Laredo as additional insured. Building No. 190 consisting of
approximately 6,583 square feet was constructed in 1966 by the U. S. Air
Force and used to clean and fold parachutes |
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FINANCIAL
IMPACT: Building Rent
Revenues Account
No. 242-0000-361-1060 Previous Rent: $1,318.57 ($0.20 /S.F.) *Proposed
FMV Rent: $2,107.00 ($0.32/S.F.) x 12
Months = $25,284.00
Percentage Increase: 60% *Proposed rent is based on Fair Market
Rent Analysis. |
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COMMITTEE
RECOMMENDATION: The Airport
Advisory Committee recommends approval. |
STAFF
RECOMMENDATION: That the City
Manager execute lease with Border Sporting Goods. |
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ORDINANCE NO.
2002-O-197
AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE
WITH BORDER SPORTING GOODS, INC., FOR APPROXIMATELY 6,583 SQUARE FEET CONSTITUTING
BUILDING NO. 190 LOCATED AT 5207 MAHER AVENUE AT THE LAREDO INTERNATIONAL
AIRPORT;
1. LEASE
TERM IS FOR FIVE (5) YEARS COMMENCING ON JULY 1, 2002 AND ENDING ON JUNE 30,
2007;
2. MONTHLY
RENT SHALL BE $2,107.00 AND WILL BE ADJUSTED ANNUALLY ACCORDING TO CHANGES IN
THE CONSUMER PRICE INDEX; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Airport Director recommends that the City
Council approve the proposed lease between the City of Laredo, as LESSOR, and Border
Sporting Goods, Inc., as LESSEE, for approximately 6,583 square feet
constituting Building No. 190 located at 5207 Maher Avenue at the Laredo
International Airport, as a contract and in furtherance of the development of
the Laredo International Airport and as a support to the maintenance and
operation of the Laredo International Airport.
WHEREAS, the Airport Advisory Committee finds that said
lease and contract are in the best interest of the Airport and recommends that
the City Council approve the proposed lease; and
WHEREAS, the City Council of the City of Laredo having
heard the recommendations of the Airport Director and of the Airport Advisory
Committee agrees with same.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF LAREDO THAT:
Section 1: The City Manager be hereby authorized
to execute a lease with Border Sporting Goods, Inc., for approximately 6,583 square
feet constituting Building No. 190 located at 5207 Maher Avenue at the Laredo
International Airport, a copy of which lease is attached hereto as Exhibit A,
and incorporated herein as if set out at length for all intents and purposes.
Section 2: This Ordinance shall become effective
upon passage hereof.
AN ORDINANCE AUTHORIZING A
LEASE BETWEEN THE CITY OF LAREDO AND BORDER SPORTING GOODS, INC. (BUILDING NO.
190)
PASSED BY THE CITY COUNCIL AND
APPROVED BY THE MAYOR ON THIS THE ____ DAY OF ________________, 2002.
_______________________
ELIZABETH G. FLORES
MAYOR
ATTEST:
_______________________
GUSTAVO GUEVARA, JR.
CITY SECRETARY
APPROVED AS TO FORM:
JAIME L. FLORES
CITY ATTORNEY
BY:_______________________
VALERIA M. ACEVEDO
ASSISTANT CITY ATTORNEY