PLACEMENT: Consent
TITLE:
title
REQUEST AND APPROVAL TO TERMINATE THE LEASE BETWEEN DISTRICT BOARD OF TRUSTEES OF INDIAN RIVER COMMUNITY COLLEGE (IRCC) AND THE MARTIN COUNTY BOARD OF COUNTY COMMISSIONERS (BOARD) IN INDIANTOWN
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EXECUTIVE SUMMARY:
executive summary
This is a request for the acceptance and approval of a Mutual Termination of Lease between IRCC, now Indian River State College (IRSC), and Martin County for the lease of the IRSC Satellite Office located at 15655 SW Osceola Street, in Indiantown. IRSC has relocated these services to the new facility on SW Citrus Boulevard.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, FRP
Title: Real Property Manager
REQUESTED BY: Indian River State College
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
1. Mutual Termination of Lease drafted by:
Martin County
2. Parties to the Mutual Termination:
Martin County - Lessor
Indian River State College - Lessee
3. Purpose of the Mutual Termination:
Terminate use and Lease Agreement
4. New/Renewal/Modified:
New
5. Duration:
Lease will terminate upon approval by the Board of County Commissioners
6. Benefits to Martin County:
Provide the County with the opportunity to consider alternative uses for the building.
7. Cost to Martin County:
Maintenance of the vacated premises
On November 27, 2001 the District Board of Trustees of Indian River Community College (IRCC), now Indian River State College (IRSC) and Martin County entered into a Lease Agreement for construction of a satellite site in Indiantown. The initial Lease term was for ten (10) years with four (4) additional terms of twenty (20) years each, with a final renewal option of nine (9) years for a potential total term of ninety-nine (99) years. The Lease Premises was solely and exclusively for the construction of an educational facility to be utilized as a satellite office for IRSC.
In June 2011, IRSC exercised their first option to renew for 20 years. IRSC has constructed a new facility on SW Citrus Blvd. that provides accommodations for staff and services previously located within the satellite office in Indiantown.
In accordance with the terms of the Lease, IRSC may terminate at any time during the Lease period upon mutual consent. The educational facility building, located on County owned property, shall be turned over to and owned by the County upon final execution of the Mutual Termination of Lease.
IRSC has executed the Mutual Termination of Lease and has removed all their belongings. The premises will be turned over to the County’s General Services Department until such a time another use is determined.
Staff received communication from a with not-for-profit organizations with potential future use of the property which will be brought to the Board for consideration at a later date.
ISSUES:
None
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable law, has identified and addressed legal risks, and has developed strategies for legal defensibility.
RECOMMENDED ACTION:
RECOMMENDATION
Move that the Board approve the Mutual Termination of Lease between District Board of Trustees of Indian River Community College, now Indian River State College and Martin County Board of County Commissioners for the IRSC Satellite Office in Indiantown located on County owned property and authorize the County Administrator or designee to execute any documents necessary to complete this transaction.
ALTERNATIVE RECOMMENDATIONS
Pull this item from the Consent Agenda and provide staff with direction.
FISCAL IMPACT:
RECOMMENDATION
Maintenance of Grounds until a new lease or use is approved.
ALTERNATIVE RECOMMENDATIONS
None
DOCUMENT(S) REQUIRING ACTION:
☐Budget Transfer / Amendment ☐ Chair Letter ☒Contract / Agreement
☐Grant / Application ☐Notice ☐Ordinance ☐Resolution
☐Other:
This document may be reproduced upon request in an alternative format by contacting the County ADA Coordinator (772) 320-3131, the County Administration Office (772) 288-5400, Florida Relay 711, or by completing our accessibility feedback form at www.martin.fl.us/accessibility-feedback <http://www.martin.fl.us/accessibility-feedback>.