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HomeMy Public PortalAbout12-8436 Terminating the Lease with Town Center One Sponsored by: Mayor Taylor RESOLUTION NO. 12-8436 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA, TO APPROVE THE INITIATION OF NEGOTIATIONS REGARDING MODIFICATION OR TERMINATION OF THE CITY'S LEASE WITH TOWN CENTER, O-L I, LLC, OR ITS SUCCESSORS, AND TO INSTRUCT THE CITY MANAGER AND CITY ATTORNEY TO TAKE ALL NECESSARY STEPS TO INITIATE NEGOTIATIONS IN ORDER TO ACCOMPLISH A MODIFICATION OR TERMINATION EFFECTIVE SEPTEMBER 30, 2012; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS,the City of Opa-locka and Town Center O-L I, LLC, previously entered into a lease agreement for space at Town Center One, 780 Fisherman Street; and WHEREAS, the lease agreement between the City and Town Center O-L I, LLC, or its successors, is coming up for annual renewal as of September 30, 2012; and WHEREAS, the City Commission of the City of Opa-locka desires not to renew the City's lease with Town Center O-L I, LLC, or its successors, due to budgetary constraints, budget shortfalls, and the high cost of the lease in difficult economic times; and WHEREAS, the City Commission of the City of Opa-locka approves initiation of negotiations regarding modification or termination and non-renewal of the lease as of September 30, 2012. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA: Section 1. The recitals to the preamble herein are incorporated by reference. Section 2. The City Commission of the City of Opa-locka, approves initiation of negotiations regarding a modification or termination of and non-renewal of the lease with Town Resolution No. 12-8436 Center O-L I, LLC, or its successors, for space at Town Center One, 780 Fisherman Street, Opa- locka, as of September 30, 2012, and instructs the City Manager and City Attorney to take all necessary steps to initiate negotiations in order to accomplish the modification or termination, with any proposed action to be subject to approval by the City Commission. Section 3. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED THIS 25th day of July, 2012 �1 41Y114(Cir AYLOR MAYOR A :st to: 4,0 i '--40A9.....--) Jo. r, a Flores Int-rim City Clerk Approved as to form and legal sufficiency: i 1 t ill. I _A—A A.. A/ J►.-Ir.`Geller 0 ty A'%orney Moved by: VICE MAYOR J• SON Seconded by: COMMISSIONER HOLMES Commission Vote: 5-0 Commissioner Holmes: YES Commissioner Miller: YES Commissioner Tydus: YES Vice-Mayor Johnson: YES Mayor Taylor: YES