AGENDA ITEM SUMMARY
Consider Standard Office Lease between the City of Griffin and Portal Labs, LLC for suite #403 of One Griffin Center in the amount of $4054.80 per year. Downtown Development Authority Executive Director Kenwin Hayes will address.
SPECIAL CONSIDERATIONS OR CONCERNS: |
Portal Labs, LLC has signed lease to rent suite #403. This is an annual lease with two one-year renewals effective May 1, 2015. The lease also considers normal annual increases as well. Required insurance has been submitted as well.
Staff recommends approval
Annual rent collected for year 1 is $4054.80. |