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N N Y !Se <br />e�@ <br />°k SV <br />City of Sunny Isles Beach <br />A <br />:'. <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />"¢`or+� <br />(305) 947-0606 City Hall <br />-PLO hyo <br />c,r* <br />Of SUN <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: The Honorable Mayor and City Commission <br />FROM: Christopher J. Russo, City Manager <br />DATE: 9/17/2020 <br />Ratification of a Lease Agreement with the United <br />RE: States Postal Service for the Lease of 1,200 sq. ft. of <br />Office Space <br />RECOMMENDATION: <br />This Resolution is presented for your approval. <br />REASONS: <br />The United States Postal Service ("USPS") currently leases 1,200 <br />square feet of office space in the City's Government Center for a <br />branch post office. The lease expired on March 31, 2020. Due to the <br />COVID-19 pandemic, the City Manager exercised his authority and <br />executed a new lease agreement. The term of the agreement is for <br />five (5) years, which commenced on April 1, 2020, and will expire on <br />March 31, 2025, with an additional five (5) year renewal period. <br />During this initial five (5) year period, USPS will pay an annual rent of <br />$39,000.00 per year. During the optional renewal period (April 1, 2025 <br />- March 31, 2030), the annual rate will increase to the then existing <br />market value. <br />ATTACHMENTS: <br />Description <br />Resolution <br />Lease Agreement <br />Item Number: 10.X. <br />