Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 9 1 16
Requesting Agency: DOF
Division: Real estate
Subject Matter Expert Name: Lisa Lumley
Phone: 720.913.1515
Email: lisa.lumley@denvergov.org
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A resolution approving a proposed Lease Agreement between the City and County of Denver and Bolder Enterprises, LLC for property located at 5300 Franklin.
Approves a new shorter lease agreement with Boulder Enterprises, LLC through April 2017 for $1 per month in rent for property at 5300 Franklin Street on the National Western Center campus that needs to be demolished due to structural issues at a cost of $508,000 in early lease termination fees to the City in Council District 9. The last regularly scheduled Council meeting within the 30-day review period is on 10-31-16. The Committee approved filing this resolution on 9-13-16.
body
Affected Council District(s) or citywide? 9
Contract Control Number:
Vendor/Contractor Name (including any “DBA”): Boulder Enterprises, LLC
Type and Scope of services to be performed:
Lease agreement
Location (if applicable):
5300 Franklin Street
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
Are WBE/MBE/DBE goals met (if applicable)?
Is the contract new/a renewal/extension or amendment?
New
Was this contractor selected by competitive process or sole source?
For New contracts
Term of initial contract: Through 4/2017
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term:
$1/month in revenue and at a cost of $508,000 (early lease termination fee) for the property located at 5300 Franklin Street
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
$508,000 cost. $1 per month in revenue from rent
For Amendments/Renewals Extensions:
Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?
NA
If length changing
What was the length of the term of the original contract?
What is the length of the extension/renewal?
What is the revised total term of the contract?
If cost changing
What was the original value of the entire contract prior to this proposed change?
What is the value of the proposed change?
What is the new/revised total value including change?
If terms changing
Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)