HomeMy WebLinkAbout2013-02-8011ORDINANCE NO. 2013-2-8011
AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO
EXECUTE A LEASE MODIFICATION AGREEMENT BETWEEN THE COMMONWEALTH
OF KENTUCKY, FINANCE AND ADMINISTRATION CABINET, DEPARTMENT FOR
FACILITIES AND SUPPORT SERVICES, DIVISION OF REAL PROPERTIES AND THE
CITY OF PADUCAH FOR LEASE OF PROPERTY FOR THE DEPARTMENT OF
CORRECTIONS PROBATION/PAROLE LOCATED AT 400 SOUTH 6TH STREET
WHEREAS, the Commonwealth of Kentucky, Department for Facilities and
Support Services, Division of Real Properties, has been leasing the building located at 400 South
6"' Street for Probation and Parole since 1997; and
WHEREAS, the Commonwealth has requested to lease an additional 46 square
feet, increasing the total leased square footage from 6,820 square feet to 6,866 square feet; to
increase the annual rent by $483.00 from $71,610.00 to $72,093.00 based on a $10.50 square foot
rate; to authorize an additional automatic one-year renewal that will extend the lease expiration
date to June 30, 2020; and to utilize all other terms and conditions contained within the existing
lease; and
WHEREAS, the City of Paducah desires to accept the modifications to the
agreement, therefore making it necessary for execution of a modification to Lease Agreement PR -
4096.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That the City of Paducah hereby approves the modifications
contained in the Commonwealth of Kentucky Lease Modification Agreement dated December 5,
2012, PR Number 4096, McCracken County, between the Commonwealth of Kentucky, Finance
and Administration Cabinet, Department for Facilities and Support Services, Division of Real
Properties for the Commonwealth of Kentucky, Department of Corrections, Probation and Parole
and the City of Paducah for property located at 400 South 6th Street, Paducah, Kentucky. Further,
the City of Paducah hereby authorizes the Mayor to execute the Lease Modification Agreement.
The annual rental fee will be paid quarterly at a rate of $18,023.25 for a total annual fee of
$72,093.00. Said modifications shall commence on January 1, 2013, with an expiration date of
June 30, 2020. This Agreement also includes an additional one year automatic renewal to the
existing lease extension period of seven (7) one-year automatic renewals, extending the lease
expiration date to June 30, 2020, unless otherwise terminated by the Commonwealth of
Kentucky.
SECTION 2. This ordinance shall be read on two separate days and will become
effective upon summary publication pursuant to KRS Chapter 424.
0"� Am
Mayor
A EST:
Tammara S. Sanderson, City Clerk
Introduced by the Board of Commissioners, January 22, 2013
Adopted by the Board of Commissioners, February 5, 2013
Recorded by Tammara S. Sanderson, City Clerk, February 5, 2013
Published by The Paducah Sun, February 11, 2013
\ord\Lease Modification — Probation Parole Office 2013