File #: 20-279    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/2/2020 In control: Public Works Committee
On agenda: Final action: 9/14/2020
Title: AUTHORIZING A LEASE AGREEMENT FOR THE RENTAL OF CORPORATE SUITE NO. 20 AT THE TIMES UNION CENTER
Sponsors: Public Works Committee
Attachments: 1. RLA Memo - SUITE 20 - STANLEY STEEMER OF ALBANY COUNTY INC, 2. 1820 RLA Form, 3. Suite 20 Backup.pdf, 4. 20-279 PW 3 - TMP - 1820 - Authorizing_Lease_Agreement_Suite_20_at_TUC_Stanley_Steemer

RESOLUTION NO. 279

 

AUTHORIZING A LEASE AGREEMENT FOR THE RENTAL OF CORPORATE SUITE NO. 20 AT THE TIMES UNION CENTER

 

Introduced:  9/14/20

By Public Works Committee:

 

                     WHEREAS, Stanley Steemer of Albany County, Inc., 41 Albany Ave., Green Island, New York, 12183 (Suiteholder) has indicated an interest in leasing Corporate Suite No. 20 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 day of the month that the TUC reopens for events and ending 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 aforesaid Suiteholder to lease Corporate Suite No. 20 at the Times Union Center pursuant to the aforementioned terms, 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.