File #: 21-061    Version: 1 Name:
Type: RLA Status: Passed
File created: 1/27/2021 In control: Public Works Committee
On agenda: Final action: 3/8/2021
Title: AUTHORIZING A LEASE AGREEMENT WITH MVP HEALTH CARE REGARDING CORPORATE SUITE NO. 17 AT THE TIMES UNION CENTER
Sponsors: Public Works Committee
Attachments: 1. Cover Letter - Suite 17, 2. 2269 RLA Form, 3. Backup, 4. 21-061 PW 2 - TMP 2269 - MVP_Health_Care_Lease_Agreement_Suite_No_17_Times_Union_Center

RESOLUTION NO. 61

 

AUTHORIZING A LEASE AGREEMENT WITH MVP HEALTH CARE REGARDING CORPORATE SUITE NO. 17 AT THE TIMES UNION CENTER

 

Introduced:  3/8/21

By Public Works Committee:

 

                     WHEREAS, MVP Health Care (Suiteholder) has indicated an interest in leasing Corporate Suite No. 17 at the Times Union Center (TUC) in accordance with terms and conditions approved by the County Attorney, and

 

WHEREAS, The Suiteholder has agreed to pay an annual rental fee of $20,500 for said suite, and

                     WHEREAS, The Suiteholder has also agreed to pay $28,000 annually for advertising within the Arena, and

                     WHEREAS, Annual payments totaling $51,000 are to be made as follows: a $20,500 payment on or before July 1st preceding the contract year, and the remaining $30,500 payment is due on or before December 15th during each contract year, and

 

WHEREAS, The term of said lease shall be for a three (3) year period, commencing on the 1st of the month that the TUC reopens for events following the COVID emergency through three years thereafter, now, therefore be it

 

                     RESOLVED, By the Albany County Legislature that the County Executive is authorized to enter into a lease agreement with the MVP Health Care, Schenectady, NY 12305 to lease Corporate Suite No. 17 at the Times Union Center for a three (3) year period, commencing on the 1st of the month that the TUC reopens for events following the COVID emergency through three years thereafter, 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.