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  Item No. 11.       
Regular City Council Meeting
Meeting Date: 09/14/2017  
COMMITTEE:    Legal  
CONTACT:    Aaron Holloman CHAIR:    Jason Perry

ACTION REQUESTED:
Consider approval to authorize NTVI Federal, LLC, a Virginia Corporation, a new lease agreement on seven bays to include office area and restrooms in Building No. 115.
BACKGROUND:
NTVI Federal, LLC, request to lease the building for the purpose of a transportation garage and office. Building space is 12,950 square feet. Rent amount is $1,620 monthly; $19,200 annually.
FINANCIAL CONSIDERATION
NTVI Federal, LLC, request to lease the seven bays and building for the purpose of a transportation garage and office. Building space is 12,950 square feet. Rent amount is $1,620 monthly; $19,200 annually. Term: October 1, 2017 through September 30, 2018.
LEGAL REVIEW:
The City Attorney has reviewed the leases and addendums.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (4-0) approval at their meeting on August 24, 2017.
STAFF RECOMMENDATION:
Consider approval to authorize NTVI Federal, LLC, a Virginia Corporation, a new lease agreement on seven bays to include office area and restrooms in Building No. 115.
Attachments
ATT RIAC NTVI Fed

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