Interoffice Memorandum
DATE: October 8, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Mindy T. Cummings, Manager
FROM: Ana Alves, Program Manager
CONTACT: Mindy T. Cummings, Manager
PHONE: 407-836-7090
DIVISION: Real Estate Management Division
ACTION REQUESTED:
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Approval and execution of Office Lease Agreement by and between Research Equity, LLC, and Orange County, Florida, and authorization for Manager of the Real Estate Management Division to exercise all delegations of authority expressly provided by the Office Lease Agreement, as needed for Research Equity, LLC - Research Parkway, 12601 Research Parkway, Orlando, Florida 32826. Lease file 10302. District 5. (Real Estate Management Division)
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PROJECT:
Research Equity, LLC - Research Parkway
12601 Research Parkway, Orlando, Florida 32826
Lease File 10302
PURPOSE: To continue to provide office and warehouse space for Orange County operations.
ITEM:
Lease Agreement
Term: Five years
Cost: $97,663.76 per month
Option: Three, five-year renewals
Size: 47,333 square feet
BUDGET: Account No.: 0001-043-0201-7220
REVENUE: None
FUNDS: NA
APPROVALS:
Real Estate Management Division
County Attorney’s Office
Risk Management Division
Facilities Management Division
REMARKS: This proposed new lease will provide 47,333 square feet of space for Orange County operations.