Title
Authorization to execute a Lease Agreement with Metro Employees Credit Union for space within the Phoenix Building. (L799-12) (Hamilton)
This is a request to execute a Lease Agreement with Metro Employees Credit Union for space within the Phoenix Building. The agreement is for seven and one-half (7 ½) months, effective November 16, 2012 and ending June 30, 2013 with an option of automatic extension for four (4) additional one (1) year terms.
Summary
Authorization to execute a Lease Agreement with Metro Employees Credit Union for space within the Phoenix Building. (L799-12) (Hamilton)
This is a request to execute a Lease Agreement with Metro Employees Credit Union for space within the Phoenix Building. The agreement is for seven and one-half (7 ½) months, effective November 16, 2012 and ending June 30, 2013 with an option of automatic extension for four (4) additional one (1) year terms.
Budgetary Implications: Yes (Revenue)
Advance Document Review: Law (used standardized lease document approved through Ordinance 0145-2011).
Fully Budgeted: No
Account Number: 1101-011001-0001-42181
This Fiscal Year Impact: $3,531.90
Annual Impact: $7,800.84 (average annual revenue over the 4 year and 7 ½ month term of the agreement)
Project:
Activity:
Budget Reference: FY 2013 Revenue
Current Balance: FY 2013 Revenue
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