HomeMy WebLinkAboutCC-07-01-13-01 Office Lease for Carmel Utilities Dept with CRC 30 West Main Street Sponsor: Councilor Snyder
RESOLUTION CC-07-O1-13-01
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF CARMEL, INDIANA,
REGARDING AN OFFICE LEASE FOR CARMEL UTILITIES DEPARTMENT
WHEREAS, Indiana Code Section 36-1-10 el seq. provides for the lease of structures by
political subdivisions; and
WHEREAS, the Carmel Utilities Department has shown to the Common Council's
satisfaction that it is in need of office space so that it may carry out its duties and responsibilities
to the City of Carmel and its utility customers; and
WHEREAS, the lease for the office space currently leased by Carmel Utilities
Department expires August 26, 2013; and
WHEREAS, the City of Carmel Redevelopment Commission currently leases office
space at 30 West Main Street; and
WHEREAS, there is office space available at 30 West Main Street; and
WHEREAS, relocating the Carmel Utilities Department to 30 West Main Street will
result in economic savings to the Carmel Utilities Department and the City of Carmel
Redevelopment Commission; and
WHEREAS, Indiana Code Section 36-1-10-7 requires that the City of Carmel's fiscal
body determine that Carmel Utilities Department is in need of a structure before leasing a
structure.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of%the City of
Carmel, Indiana that:
r
1. There is a need for adequate offices for Carmel Utilities Department. :.=;
2. That Carmel Utilities Department is encouraged to take all necessary steps to
secure a lease within the structure located at 30 West Main Street in Carmel, Indiana.
PASSED by the Common Council of the City of Carmel, Indiana, this 1S.\-- day of
CAJA,A6_, 2013, by a vote of 4) ayes and nays.
Page 1 of 2
COMMON COUNCIL FOR THE CITY F CARME AP I..:r_i
Presiding Of Kevin D. Rider ae.."7
N T P2CSL/��
Richard L. S arp, Pr ident Pro Tempore Carol Schleif
Rn d,E. Carter W. Eric Seidensticker
AO
inka uci S• gder
ATTEST:
Diana L. Cordray, IAMC, Clerk Tresurer
Presented by me to the Mayor of the City of Carmel, Indiana, at (' 31 o'clock i
m. on the 15'\- day o , 2013.
t
Diana L. Cordray, IAMC, Clerk- reasurer
S,}- Approved by me, the Mayor of the City of Carmel, at to' 31 o'clock Q m. on the
day of� � 2013.
Ja es Brainard, Mayor
ATTEST:
A-A� • 1 f'
1
Diana L. Cordray, IAMC, Clerk• Treasurer
Prepared by: Douglas C. Haney, City of Carmel
City Attorney
One Civic Square
Carmel, IN 46032
Page 2 of 2
LURIE BUILDING RENT SUMMARY
Cost Cost
$per sq. ft Square Ft. Per Month Per year 5 Years
Carmel Utilities Current Lease - Pedcor $ 20.22 10,000 $ 16,850 $ 202,200 $ 1,011,000
Proposed Lurie Lease $ 20.71 6372 $ 10,997 $ 131,964 $ 659,821
CRC Current Lurie Lease $ 17.50 6097 $ 8,891 $ 106,698 $ 533,488
Proposed CRC Sublease with Carmel Utilities $ 20.71 1654 $ 2,855 $ 34,254 $ 171,272
Savings to Carmel Utilities $ 5,853 $ 70,236 $ 351,179
Savings to CRC $ 6,037 $ 72,443 $ 362,216
Net Rent Cost to Carmel Utilities - after sub -lease to CRC $ 8,142 $ 97,710 $ 488,549
Rent Cost Savings to Carmel Utilities - Pedcor Lease/vs Lurie Lease $ 8,708 $ 104,490 $ 522,451
Rent Cost Savings to CRC- Current Liurie Lease/vs proposed Lurie Lease $ 6,037 $ 72,443 $ 362,216
Common Area Maintenance Expenses $ 898 per month
Utilities portion 74% $ 665
CRC 26% $ 233
Utility Costs - payable by Carmel Utilities and the CRC - to be divided %74 Utilities, %26 CRC