Regular City Council Meeting
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Item No. 11.
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)
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.
Rent amount is $3,418.00 monthly; $41,016.00 annually for the first year.
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.
Consider approval to authorize Associated Records, Inc. to renew their lease agreement on Building 250.
ATT 1 - Information Protection Services Inc.
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