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File #: RES 18-1380    Version: 1
Type: Resolution Status: Passed
In control: City Council
Final action: 8/22/2018
Title: Authorizing the renewal of a Five-Year Lease (PW/3) to Group Health Plan Inc. for a parking lot at 1492 Eustis Street adjacent to their Como Avenue Clinic.
Sponsors: Samantha Henningson
Attachments: 1. 18.PW3 Health Partners Lease-Final

Title

Authorizing the renewal of a Five-Year Lease (PW/3) to Group Health Plan Inc. for a parking lot at 1492 Eustis Street adjacent to their Como Avenue Clinic.

 

Body

WHEREAS, since 1960 the City has leased, through Lease Agreement PW/3, originally about 19,000 square feet, subsequently reduced to 16,775 square feet, of vacant land over a sewer pumping station to Group Health Plan Inc for use as a parking lot at its Como Avenue Clinic; and

 

WHEREAS, said Lease Agreement PW/3 will expire on August 31, 2018; and

 

WHEREAS, it is the expressed intention of both parties to extend the lease for an additional five-year term; and

 

WHEREAS, the Real Estate Section of Financial Services has determined that the agreed upon rent represents the fair market value of the property; now, therefore

 

BE IT RESOLVED, that the proper City officials are hereby authorized and directed to execute Lease Agreement PW/3 as attached.

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