DEPARTMENT
Real Estate and Asset Management
REQUESTED ACTION
title
Request approval of a Resolution approving a Lease Agreement between Fulton County, Georgia (Tenant) and Goode Van Slyke Properties, LLC, (Landlord) to continue providing library services at 409 John Wesley Dobbs Avenue, Atlanta, Georgia (Martin Luther King Jr. Branch Library); to authorize the Chairman to approve the Lease Agreement and related documents; to authorize the County Attorney to approve the Lease Agreement and related documents as to form and to make any modifications thereto to execution. Effective upon approval for a term of January 1, 2024 through December 31, 2004, with nine (9) renewal options. The monthly rental payment will be $12,040.00 per month, thorough 2028, if renewed and effective January 1st, 2029, the monthly rental payment shall increase to $12,728.00 for the five (5) available renewal periods ending December 2033, if renewed.
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REQUIREMENT FOR BOARD ACTION
According to O.C.G.A. ? 36-60-13, each county or municipality in this State shall be authorized to enter into multiyear lease, purchase, or lease purchase contracts of all kinds for the acquisition of goods, materials, real and personal property, services and supplies.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND
Approval of the Fulton County Board of Commissioners is being requested to execute a lease agreement with Goode Van Slyke Properties, LLC, for a period of (10) ten years inclusive of renewal periods for 4,128 rentable square feet of office space for the purpose of providing library services at 409 John Wesley Dobbs Avenue, Atlanta, Georgia 30312. The Martin Luther King Branch Library is housed at this location.
The Fulton County Department of Real Estate and Assets Management, DREAM an...
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