6/28/1994 - Laserfiche WebLink

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L _7 L�l 1 YY 1 ► 1 YCI : 1_31 . _1:: DIZ[O Dh 1_ __ ;-PON Y01 / 1 CI D&I h V ' 9 1) D) V41.,4 m I wy a a11 I The Board reviewed the following memo dated June 22, 1994. TO: Board of County Commissioners FROM:V</William G. Collins II, Deputy County Attorney DATE: June 22, 1994 RE: Surrender of Lease on the Old Health Department Building by the Coalition for the Homeless In the Spring of 1992 the Board of County Commissioners enter6d into a three-year lease with the Coalition for the Homeless of Indian River County, Inc. The lease covered the old health department building on St. Lucie Avenue and ran from April 1, 1992, to March 31, 1995, at a rental price of $2.00 per square foot per year for a total rental of $36,906. The Coalition is surrendering the lease for the remainder of the lease term (nine months) as to the space they occupy.. The subtenants, the Mental Health Association and the YMCA, will continue to occupy space in the building until the expiration of the lease term. Under the terms of the lease such a surrender is not valid unless accepted by the County in writing. With the surrender of the premises by the Coalition there will be a shortfall in the monthly rental anticipated of $164 per month, which over the nine-month period comes to a total shortfall of $1,476. An additional expense which would accrue to the County is the Coalition's share of the utility bill, which is variable but may amount to approximately $4,500 for the remaining nine months of the lease. Alternatives: 1. Accept the Coalition's surrender of the premises and either (a) attempt to find another non-profit organization willing to occupy the vacated space for the remaining nine months of the lease; (b) utilize the vacated space for County office purposes; (c) use the vacated space for County storage; or (d) let the space remain vacant. 2. Refuse the surrender and at such time as there was a default in the payment of -rent allow the subtenants to cure the default (which they have indicated no willingness or ability to do) or terminate the lease upon default, resume possession, and re -lease or rent the property for the remainder of the term for the account of the Coalition, and recover from the Coalition at the end of the term the difference between the rent specified in the lease and the rent received on the re-leasing or renting through civil action. General Services Director, Sonny Dean, has indicated that the County may wish to surplus the building at the end of the lease term next spring rather than extend the lease. 31 JUN 28 1994 800K 92 Pu - 72.7J