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  Item No. 11.       
Meeting Date: 04/08/2021  
COMMITTEE: Legal  
CONTACT: Parker Patterson CHAIR: Judy Stubbs

ACTION REQUESTED:
Consider approval to authorize Information Protection Services Inc., to renew their Lease Agreement on Building No. 250, consisting of 20,000 square feet, more or less. (Stubbs/Stark)
BACKGROUND:
Initiated by:  Associated Records, Inc.
 
Information Protection Services Inc., requests Building 250 for the purpose document storage and shredding. Lease Term is for five (5) years, commencing May 1, 2021 and ending April 30, 2026.
FINANCIAL CONSIDERATION
Rent amount is $3,418.00 monthly; $41,016.00 annually for the first year.
LEGAL REVIEW:
The Legal Department has reviewed the Leases.
 
Leases and other contractual agreements generally require City Council approval.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (3-0) approval at their meeting on March 25, 2021.
STAFF RECOMMENDATION:
Consider approval to authorize Associated Records, Inc. to renew their lease agreement on Building 250.
Attachments
ATT 1 - Information Protection Services Inc.


    

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