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INTEROFFICE MEMORANDUM
TO: MAYORjCOUNCIL
FROM: ROBERT GARLO, ASST. MGR JHR DIRECI'OR ,/I����
SUBJECT: LEASE RENEWAL
DATE: AUGUST 5, 21104
CG MICHAEL R. COUZZO, JR., VILLAGE MANAGER
The lease for Suites 304, 304 and 305, currently occupied by Village Administration, is due fot an
annual renewal. The lease renewal rate is �61$.50 a square €oot. Total occupancy is 4,929 square feet
for a total annual cost of �691,186.50 or a monthly expense of �7,598.88.
There has been some concem in the past regarding the air quality in Suite 300. I have discussed
this situation wifh Ms. Harriet Smith, Tequesta Corporate Centers Building Manager, and have
provided her with three proposals far a comprehensive air quality analysis. Ms. Smith has agreed to
pay for the analpsis and to rectify any problems that may be discovered.
Additionally, I researched the feasibiliry of relocating Village Admuiistration at a Iesser rate but
no suitable locations were found. Those that could possibly have been considered would have
required significant structurai changes.
Based on d�e above inforn�atian and the eventual move to the new Village Hall, I feel it is in the
best intetest of the Village to renew the lease through July 31, 2005. Subsequent rent would be paid
on a month-to-month basis until the anticipated relocation.
08/0A/2004 13:27 5617474189 HSMITH REALTY INC PAGE 01
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TEQUESTA CI�RP'QiZA�E CENTER �
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z►'iay 7, zooa
�1�IicL�e! Couz�o, V'illage Manager
Villagc af x'equegta
�SO Tcquesta �riv� 3uite 300
T�9u�, FL 33469
Dcar �Vir. Couz�o:
x'he le.�se for Suites 300, 304 �nd 30S is due for renewal in J •
continue to g�ive the Vnllag�e a reduetiou i,n �ct �. �' �d we ar� will;�g t�
ten$nts are pay�ing �19 per square �oot, bvt we will ofle�tLe ��ce ta yoa� Yg.50,
T�e mouthly �rent'is calculeted as follaws: 4,929 totaY square feet @ I&�(1 =
5�1,186.50/ 12 � T►7,S9$.88.
If �►ou }�ave any qaestions, please do n�ot l�esitate zo c�il.
S�ncerely, � �
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�iarriet Smith
Hancl D�,1iv�red
250 Tequesta Dr;ve • Tequesta, Florida 33469 • 56l-747-4177 • Fax Sb1-747�4189
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