Title
Resolution Authorizing the Execution of a Deed of Lease with the Commonwealth of Virginia, Department of General Services for 100 square feet of Office Space Known as Office Number 656 Located on the 6th floor of 1 Franklin Street in Downtown Hampton
Purpose
PURPOSE/BACKGROUND/DISCUSSION:
The Commonwealth of Virginia, Department of General Services has been leasing 100 square feet of office space on the sixth floor of the Sargent Building which is controlled by the Department of Economic Development. The Commonwealth leases the space for its Department of Small Business and Supplier Diversity Office which serves small businesses and minority owned businesses. The lease is about to expire and the Commonwealth desires to enter into a new lease for the office space. The lease is for 1 year with 4 additional one-year terms and the rent is $1,800.00 annually paid in quarterly installments of $450.00 in arrears. The City Attorney has reviewed the lease and found it acceptable. Staff recommends approval.
No public hearing is required under Va. Code §15.2-1800 inasmuch as the tenant is the Commonwealth of Virginia.
Impact:
The lease is for 1 year with 4 additional one-year terms and the rent is $1,800.00 annually paid in quarterly installments of $450.00 in arrears.
Recommendation:
Rec
Adopt the resolution.
Body
WHEREAS, the City of Hampton (the “City”) owns a parcel of land at 1 Franklin Street upon which is located the Rupert L. Sargent Building;
WHEREAS, the Commonwealth of Virginia, Department of General Services- Department of Small Business and Supplier Diversity Office (“DSBSDO”) has been leasing office space for its staff located in Hampton Roads at the Sargent Building;
WHEREAS, the Commonwealth of Virginia, Department of General Services desires to enter into a new lease with the City for 100 square feet of office space on the 6th floor of the Rupert L. Sargent Building inasmuch as the prior lease is about to expire and having a DSBSDO site ...
Click here for full text