File #: 13864    Version: 0 Name: lease agreement for Bundschu Building
Type: Resolution Status: Passed
File created: 10/22/2001 In control: Public Works Committee
On agenda: 10/22/2001 Final action: 10/29/2001
Title: A RESOLUTION authorizing the County Executive to execute a Lease Agreement with the Independence Square Redevelopment Group for office space in the Bundschu Building on the Independence Square, at a cost in 2001 of $7,205.34 and a total cost of $216,160.20 over the life of the lease.
Sponsors: Bill Petrie

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

 

 

Title

A RESOLUTION authorizing the County Executive to execute a Lease Agreement with the Independence Square Redevelopment Group for office space in the Bundschu Building on the Independence Square, at a cost in 2001 of $7,205.34 and a total cost of $216,160.20 over the life of the lease.

 

Intro

RESOLUTION #13864, October 22, 2001

 

INTRODUCED BY                     Bill Petrie, County Legislator

 

 

Body

WHEREAS, by Resolution 11983, dated December 8, 1997, the County and the Independence Square Redevelopment Group (ISRG) entered into written lease agreement whereby the County leased certain space in the Bundschu Building located at 103 North Main, Independence from ISRG (“Lease”); and,

 

WHEREAS, the term of this Lease commenced on November 1, 1996, and will end on October 31, 2001; and,

 

WHEREAS, the parties have negotiated a new lease Agreement, which will extend through October 31, 2006, at a rental rate which has increased from $6.00 per square foot to $7.00 per square foot; and,

 

WHEREAS, under the proposed new lease, the county will have the right to vacate the premises at any time with 90 days notice to the ISRG; and,

 

WHEREAS, the execution of this new lease agreement is in the best interests of the health, welfare, and safety of the citizens of Jackson County; now therefore,

 

BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the County Executive be and hereby is authorized to execute the attached Lease Agreement with the Independence Square Redevelopment Group; and,

 

BE IT FURTHER RESOLVED that the Director of the Department of Finance be and hereby is authorized to make all payments, including final payment, required by the Lease Agreement to the extent that sufficient appropriations are included in the then current Jackson County budget.

 

Enacted and Approved

Effective Date:  This Resolution shall be effective immediately upon its passage by a majority of the Legislature.

 

APPROVED AS TO FORM:

 

 

______________________________                                          ________________________________

                                                                                                                                                                        County Counselor

Certificate of Passage

 

                     I hereby certify that the attached resolution, Resolution # 13864 of October 22, 2001, was duly passed on ___________________________, 2001 by the Jackson County Legislature.  The votes thereon were as follows:

 

 

                     Yeas ___________________                     Nays ___________________

 

                     Abstaining _______________                     Absent __________________

 

 

______________________                                          _________________________________

Date                                                                                                                              Mary Jo Brogoto, Clerk of Legislature

 

 

Fiscal Note

Funds sufficient for this expenditure will be are available from the source indicated below.

 

ACCOUNT NUMBER: 004 1501 6620   

 

ACCOUNT TITLE:                     Special Road and Bridge Fund

                                                               Division of Administration

                                                               Office of the Director

                                                               Rent - Buildings

                                                               

NOT TO EXCEED:                     $7,205.34

 

Funds for years subsequent to 2001 are subject to appropriation in the then current annual budget.

 

 

________________________                     _____________________________________

Date                                                                                                                              Director of the Department of Finance