File #: 22-195    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/5/2022 In control: Public Works Committee
On agenda: Final action: 6/13/2022
Title: AUTHORIZING LEASE AGREEMENTS WITH GIRVIN & FERLAZZO, PC, JPS STRATEGIES, UNITED GROUP OF COMPANIES, INC., AND FPI MECHANICAL REGARDING CORPORATE SUITE NO. 16 AT THE MVP ARENA
Sponsors: Public Works Committee
Attachments: 1. GM Cover Letter three-year lease with Girvan & Ferlazzo, PC, JPS Strategies, United Group of Companies, Inc, FPI Mechanical, 2. 3263 RLA Form, 3. Letters of intent Girvan & Ferlazzo, PC, JPS Stategies, United Group of Companies, Inc., FPI Mechanical, 4. Lease Girvan & Ferlazzo, PC, JPS Stategies, United Group of Companies, Inc., FPI Mechanical, 5. 22-195 PW 11 - TMP - 3263 - Authorizing_Lease_Agreements_Suite_No_16_MVP_Arena

RESOLUTION NO. 195

 

AUTHORIZING LEASE AGREEMENTS WITH GIRVIN & FERLAZZO, PC, JPS STRATEGIES, UNITED GROUP OF COMPANIES, INC., AND FPI MECHANICAL REGARDING CORPORATE SUITE NO. 16 AT THE MVP ARENA

 

Introduced:  6/13/22

By Public Works Committee:

 

WHEREAS, The General Manager of the MVP Arena has indicated that the following four proposed Suite holders have expressed an interest in lease agreements for Corporate Suite No. 16 at the MVP Arena in accordance with the terms and conditions approved by the County Attorney, and

 

Suite Holder

Address

Girvin & Ferlazzo, PC

20 Corporate Woods Blvd., Albany, NY 12211

JPS Strategies

27 6th Street, Waterford, NY 12188

United Group of Companies, Inc.

300 Jordan Road, Troy, NY 12180

FPI Mechanical

11 Green Mountain Drive, Cohoes, NY 12047

 

, and

 

                     WHEREAS, Due to the closure of the MVP Arena caused by the COVID-19 pandemic, a credit has been provided to each of the suite holders towards the first year amounts owed on the new lease agreements for payments made during the months of April 2020 through April 2021, and

 

WHEREAS, The total amount of $51,000 shall be made for each of the three years of the lease agreements, and                     

 

                     WHEREAS, Girvin & Ferlazzo, PC will be credited in the amount of $6,187.50, with annual payments to be made in the amount of $6,562.50 for year one, $12,750 for year two, and $12,750 for year three for a total amount of $32,063, and

 

                     WHEREAS, JPS Strategies will be credited in the amount of $13,812.50, with annual payments to be made in the amount of $0 for year one, $11,687.50 for year two, and $12,750 for year three for a total amount of $24,438, and

 

WHEREAS, United Group of Companies, Inc. will be credited in the amount of $13,812.50, with annual payments to be made in the amount of $0 for year one, $11,687.50 for year two, and $12,750 for year three for a total amount of $24,438, and

 

                     WHEREAS, FPI Mechanical will be credited in the amount of $1,062.50, with annual payments to be made in the amount of $11,687.50 for year one, $12,750 for year two, and $12,750 for year three for a total amount of $37,188, and

 

                     WHEREAS, The Suite holders will also be responsible for sales tax on tickets to sporting events and cable TV monthly charges as well as any catered food they purchase through Aramark at the MVP Arena, and

 

WHEREAS, The term of said agreements to lease Suite No. 16 shall be for three years commencing September 1, 2022 and ending August 31, 2025, now, therefore, be it

 

                     RESOLVED, By the Albany County Legislature that the County Executive is authorized to enter into lease agreements with the aforesaid proposed Suite holders to lease Corporate Suite No. 16 at the MVP Arena pursuant to the aforementioned terms, and, be it further

 

                     RESOLVED, That the County Attorney is authorized to approve said lease agreements as to form and content prior to the execution thereof, and, be it further

 

                     RESOLVED, That the Clerk of the County Legislature is directed to forward certified copies of this resolution to the appropriate County Officials.