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File #: 45141    Version: 1 Name: 1245 E Wash_Metro admin office space
Type: Resolution Status: Passed
File created: 11/14/2016 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 12/6/2016 Final action: 12/6/2016
Enactment date: 12/9/2016 Enactment #: RES-16-00893
Title: Authorizing the execution of a lease between the City and Washington Gilman Limited Partnership and Mullins Family, LLC (collectively, the “Lessor”) to provide administrative office space for Metro Transit at 1245 E. Washington Avenue.
Sponsors: Michael E. Verveer, Rebecca Kemble, Marsha A. Rummel, Ledell Zellers
Attachments: 1. Exhibit A_Leased Premises and Rent Table.pdf
Fiscal Note
Metro’s adopted 2017 operating budget provides for the anticipated rental costs of the proposed lease at 1245 E. Washington Avenue. The budgeted amount encompasses the cost increase for the expanded administrative space in the East wing of the facility at an annualized budgeted rent amount of $248,258, which considers the partial year occupancy and variable rate structure encompassed in the first year as outlined in the lease agreement. Subsequent Metro operating budgets will reflect the fixed annualized increases in rent costs as specified in this lease agreement.

Title
Authorizing the execution of a lease between the City and Washington Gilman Limited Partnership and Mullins Family, LLC (collectively, the “Lessor”) to provide administrative office space for Metro Transit at 1245 E. Washington Avenue.
Body
WHEREAS, Washington Gilman, L.P. and Mullins Family, LLC (the “Lessor”) is the owner of the building located at 1245 East Washington Avenue (the “Building”); and

WHEREAS, Metro Transit (“Metro”) currently leases the entire west wing of the second floor in the Building per the lease dated August 1, 2008, and Suites 212 and 214 in the east wing of the second floor of the Building per the lease dated February 1, 2016. Both leases are collectively known as (the “Existing Leases”); and

WHEREAS, both of the Existing Leases expire on December 31, 2016; and

WHEREAS, the City desires to enter into a new lease with the Lessor to expand into the entire east wing of the second floor and continue to occupy the west wing (the “Leased Premises”). In connection with this expansion, the Leased Premises needs remodeling which will be described below; and

WHEREAS, the City and the Lessor have negotiated terms and conditions for a new lease, as set forth below.

NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease (the “Lease”) with Washington Gilman Limited Partnership and Mullins Family, LLC (collectively, the “Le...

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