RESOLUTION NO. 236
AUTHORIZING A LEASE AGREEMENT WITH CDPHP REGARDING SUITE NO. 23 AT THE MVP ARENA
Introduced: 7/11/22
By Public Works Committee:
WHEREAS, The General Manager of the MVP Arena has indicated that CDPHP has an interest to renew a lease agreement for Corporate Suite No. 23 at the MVP Arena in accordance with the terms and conditions approved by the County Attorney, and
WHEREAS, The Suite holder will be credited in the amount of $55,250 for payments made during the months of April 2020 through April 2021 due to the closure of the MVP Arena caused by the COVID-19 pandemic, and
WHEREAS, Annual payments totaling $51,000 are to be made as follows: a $0 payment for year one, $46,750 for year two, and $51,000 for year three for a total amount of $97,750, and
WHEREAS, The Suite holder 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 agreement to lease Suite No. 23 shall be for three years commencing September 1, 2022 and ending on August 31, 2025, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to enter into a three-year lease agreement with CDPHP, Albany, NY 12206 to lease Corporate Suite No. 23 at the MVP Arena in the amount of $97,750 for the term commencing September 1, 2022 and ending August 31, 2025, and, be it further
RESOLVED, That the County Attorney is authorized to approve said lease agreement 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.