SUBJECT:
Title
WALK-ON: George Albright, Tax Collector - Request Approval for Marion County to Provide Payment of The Monthly Rental for One-Half of The Month of January 2025 and for The Months of February and March 2025 Until a Fourth Lease Renewal Agreement with Ocala Springs Shopping Center, LLC (Budget Impact - $7,525)
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INITIATOR: |
DEPARTMENT: |
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Matthew G. Minter, County Attorney |
County Attorney |
DESCRIPTION/BACKGROUND:
The Marion County Tax Collector requests that Marion County agree to provide payment of the monthly rental for one-half of the month of January 2025 and for the months of February and March 2025 until a Fourth Lease Renewal agreement with Ocala Springs Shopping Center, LLC for a term of five (5) years commencing January 15, 2025 can be placed on a March 2025 Agenda for consideration by the Board of County Commissioners.
The Marion County Tax Collector has re-negotiated the terms of the renewal so that the current rental rate of $3,010.00 per month, which includes CAM and tenant's share of operating expenses shall remain the same through year one (1) of a five-year renewal. The landlord is seeking a rental increase for years two (2) through five (5) to $3,440.00 per month including CAM and tenant's share of operating expenses.
The provision to pay the rent due for half of January and the months of February and March 2025 do not cause an additional budget impact for fiscal year 2024/2025. The total amount of this request is $7,525.00 to be paid to the landlord Ocala Springs Plaza, LLC.
BUDGET/IMPACT:
$7,525.00
RECOMMENDED ACTION:
Recommended action
Motion to approve providing payment of the monthly rental for one-half of the month of January 2025 and for the months of February and March 2025 until a Fourth Lease Renewal agreement with Ocala Springs Shopping Center, LLC for a term of five (5) years commencing January 15, 2025 can be placed on a March 2025 Agenda for consideration by the Board of County Commissioners.
Exhibit A-Letter from Tax Collector
Exhibit B-Current Lease Agreement
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