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AGENDA ITEM REVIEW FORM |
7.E.
Special City Council Meeting
- Meeting Date:
- 07/30/2025
- Department Head:
- Kay Macuil
- Submitted By:
- Justin Neuman, Paralegal, Attorney's Office
Action Requested:
Order
ITEM:
Discussion and possible action on any and all matters regarding Order No. 2025-06. An Order of the Mayor and City Council of the City of San Luis, Arizona, approving and adopting the Intergovernmental Lease Agreement between the City of San Luis and Greater Yuma Port Authority, Inc. (GYPA) for the lease of the building at 788 East B Street, San Luis, Arizona. (Kay Marion Macuil, City Attorney)
SUMMARY:
Background
The Greater Yuma Port Authority (the "GYPA") is an Arizona non-profit corporation whose members are the City of San Luis, the City of Yuma, the County of Yuma, and the Cocopah Tribe. GYPA desires to lease the newly renovated City building located at 788 East B Street, San Luis, Arizona ("B St. building") as its main office. The B St. building is currently occupied by one non-profit company, utilizing only approximately eighty-five (85) square feet of the building's sixteen hundred (1,600) square feet of space. The income generated through leasing this unused space will cover a significant portion of the cost of the recent remodel of the building.
General Agreement Terms
This lease agreement will be for a term of five (5) years and may only be renewed upon execution of a subsequent written lease agreement. The total income generated through this agreement over the term will be seventy-five thousand U.S. dollars ($75,000), which GYPA may be pay in a lump sum in advance.
The Greater Yuma Port Authority (the "GYPA") is an Arizona non-profit corporation whose members are the City of San Luis, the City of Yuma, the County of Yuma, and the Cocopah Tribe. GYPA desires to lease the newly renovated City building located at 788 East B Street, San Luis, Arizona ("B St. building") as its main office. The B St. building is currently occupied by one non-profit company, utilizing only approximately eighty-five (85) square feet of the building's sixteen hundred (1,600) square feet of space. The income generated through leasing this unused space will cover a significant portion of the cost of the recent remodel of the building.
General Agreement Terms
This lease agreement will be for a term of five (5) years and may only be renewed upon execution of a subsequent written lease agreement. The total income generated through this agreement over the term will be seventy-five thousand U.S. dollars ($75,000), which GYPA may be pay in a lump sum in advance.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE AND ADOPT ORDER NO. 2025-06 AND THE LEASE WITH GYPA AS ATTACHED TO THIS AGENDA ITEM.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $75,000.00
- BUDGETED AMOUNT:
- YES
- AVAILABLE AMOUNT TO TRANSFER:
- See fiscal impact statement
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- See fiscal impact statement
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
This Intergovernmental Lease Agreement will generate $75,000.00 over its five-year term as follows:
1st Year: $0.44 per sq. ft. per month plus $5,000 deposit.
2nd Year:$0.575 per sq. ft. per month
3rd Year:$0.79 per sq. ft. per month
4th Year: $0.89 per sq. ft. per month
5th Year: $0.95 per sq. ft. per month
1st Year: $0.44 per sq. ft. per month plus $5,000 deposit.
2nd Year:$0.575 per sq. ft. per month
3rd Year:$0.79 per sq. ft. per month
4th Year: $0.89 per sq. ft. per month
5th Year: $0.95 per sq. ft. per month