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Meeting Date:
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Category:
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SCHOOL FACILITIES MANAGEMENT |
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Type:
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Subject:
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15.17 Extension of a GENERAL FUND Lease Agreement with 201 Saw Mill River Road Development Corp. for the District Warehouse. |
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District Goals:
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Enclosure:
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File Attachment:
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Rationale:
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This is to continue with leasing 24,500 square feet of warehouse space at 201 Saw Mill River Road in Yonkers for use as the District’s storage and distribution center for the Food Services and School Facilities departments.
There are two extensions provided under this new Lease Agreement Extension. One is to provide one month extension of the current lease under same terms and conditions, expiring on January 31, 2021 at a cost of $16,291.67. This was presented and approved under RES 17.7 on December 16, 2020
At the end of this one month extension a 5 year extension will go into effect. The new rate will be $19,565.42 per month fixed for 5 years. Annual cost for base rent will be $234,782.88 plus an owner directed reimbursable fund of $10,000.00 per year to pay costs incurred as per the “additional rent” term son the contract. Utilities costs will paid separately under YPS utilities accounts. |
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Funding:
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GENERAL FUND 450.5150.100000.1620.B2300 $234,782.88 + $10,000.00 reimbursables = $244,782.88 |
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Resolution
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Ladies and Gentlemen:
WHEREAS: this lease agreement was extend for 5 years by an agreement dated December 1, 2015 via Board Resolution 16.20 on December 16, 2015, and
WHEREAS: this lease agreement was most recently modified by via Board Resolution 17.7 on December 16, 2022 for a one month extension, and
WHEREAS: the Board is still in need of this 24, 500 square feet of warehouse space to serve as the central storage and distribution center for the food services , school facilities management, information technology and,
WHEREAS the Board of Education agrees to extend the term of the lease for an additional 5 years that shall commence on February 1, 2021 at the fixed annual rate of $234,782.88 plus an owner directed reimbursable fund of $10,000.00 per year to pay costs incurred as per the “additional rent” terms of the contract.
NOW THEREFORE BE IT RESOLVED that the Board of Trustees authorizes the Superintendent of Schools to execute this lease extension agreement dated December 31, 2020 for 24,500 square feet of space at 201 Saw Mill River Road with 201 Saw Mill River Road Development Corp., in an annual amount of $234,782.88 plus an owner directed reimbursable fund of $10,000.00 per year to pay costs incurred as per the “additional rent” terms of the contract, for a term of 5 years ending January 31, 2025. |
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Approvals:
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Recommended By: |
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Signed By: |
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John Carr - Executive Director |
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Signed By: |
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Tom Collich - Purchasing Director |
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Signed By: |
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Finance Department - Finance Reviewer |
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Signed By: |
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Elizabeth Janocha - Deputy Commissioner |
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Signed By: |
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John Liszewski - Commissioner |
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Signed By: |
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Matthew Gallagher - Corporation Counsel |
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Signed By: |
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Dr. Edwin M. Quezada - Superintendent of Schools |
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Vote Results:
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| Original Motion | Member Kevin Cacace Moved, Member Gail Burns seconded to approve the Original motion 'Ladies and Gentlemen:
WHEREAS: this lease agreement was extend for 5 years by an agreement dated December 1, 2015 via Board Resolution 16.20 on December 16, 2015, and
WHEREAS: this lease agreement was most recently modified by via Board Resolution 17.7 on December 16, 2022 for a one month extension, and
WHEREAS: the Board is still in need of this 24, 500 square feet of warehouse space to serve as the central storage and distribution center for the food services , school facilities management, information technology and,
WHEREAS the Board of Education agrees to extend the term of the lease for an additional 5 years that shall commence on February 1, 2021 at the fixed annual rate of $234,782.88 plus an owner directed reimbursable fund of $10,000.00 per year to pay costs incurred as per the “additional rent” terms of the contract.
NOW THEREFORE BE IT RESOLVED that the Board of Trustees authorizes the Superintendent of Schools to execute this lease extension agreement dated December 31, 2020 for 24,500 square feet of space at 201 Saw Mill River Road with 201 Saw Mill River Road Development Corp., in an annual amount of $234,782.88 plus an owner directed reimbursable fund of $10,000.00 per year to pay costs incurred as per the “additional rent” terms of the contract, for a term of 5 years ending January 31, 2025.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0. | | The motion Carried 9 - 0 | | | | | Andrea Brown | Yes | | Rev. Steve Lopez | Yes | | Kevin Cacace | Yes | | Dr. John Castanaro | Yes | | Abdool H. Jamal | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | | Lakisha Collins-Bellamy | Yes | | Sheila Greenwald | Yes | | Gail Burns | Yes | |
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