|
|
| January 25, 2024 City Council Regular Meeting | |
| Title 23. Authorize the City Manager to Approve Second Amendment to the Lease for Eastside Police Precinct at 2250 East Victory Drive in the Amount of $176,436 Escalating at 4% per year. | |
| Strategic Priority Public Safety | |
| Description The City (as Tenant) currently leases +/-10,091 square feet of office space located at 2250 East Victory Drive and operates it as the Eastside Precinct of the Savannah Police Department. The existing lease expires at the end of 2024. There are no additional extensions available. The Landlord has agreed to provide the City with four, one-year options to extend the lease; bringing the potential lease end date to 12/31/2028. The base rent for 2025 will escalate slightly at 4% to yield an annual rental cost of $175,436. Annual 4% escalators will apply for subsequent years. | |
| Recommendation Approval. | |
| Contact David Keating, Senior Director of Real Estate Administration | |
| Financial Impact $175,436 for Calendar Year 2025 from General Fund | |
| Review Comments | |
|
Attachments Exhibit 1 - Map 2250 E Victory Dr - MAP.pdf Exhibit 2 - Original Lease 2250 E Victory - Lease.pdf Exhibit 3 - 2nd Amendment - Signed by McIntosh.pdf |
|
|
