[nfbmi-talk] lease question for bep wharehouse
joe harcz Comcast
joeharcz at comcast.net
Thu Dec 16 10:21:34 CST 2010
This is from the Michigan Administrative board circa July 2010 for a lease for BEP wharehouse. My question on all of these is how can they claim they are 100 percent federally funded? Are they funding these things through RS and MCB VR monies?
ADDENDUM TO LEASE FOR PRIVATE PROPERTY
DEPARTMENT OF ENERGY, LABOR AND ECONOMIC GROWTH, LANSING -
Addendum #2 to Lease#11175-2006, between Stevens Van Lines, Inc., a
Foreign Entity, 527 Morley Drive, P.O. Box 3276, Saginaw, Michigan 48605, as
Lessor, and the State of Michigan by the Department of Management and
Budget for the Department of Energy, Labor and Economic Growth, as Lessee,
for 3,000 square feet of space located at 3000 Sanders Road, Lansing, Michigan
48917. This Addendum provides for a decrease of 940 square feet for a revised
total of 3,000 square feet, reduce the rent accordingly and add one two-year
renewal option. This Addendum is effective upon obtaining State Administrative
Board approval and required signatures and continues to the termination date of
the Lease, or any extension. The annual per square foot rental rate for this
space beginning July 1, 2010, or upon substantial completion, is $4.90 ($1,225
per month). This Lease contains one 2-year renewal option with an annual per
square foot rental rate of $5.16 ($1,290 per month). This Lease contains a Standard cancellation clause with 90-days notice. The Attorney General has
approved this Addendum as to legal form. Purpose/Business Case
This lease enables the Commission for the Blind and their Business Enterprise Program
to store supplies and equipment in a convenient location at a reasonable expense. This
program is a unit of the Department of Energy, Labor and Economic Growth.
The Business Enterprise Program needs storage space for their supplies and
equipment. The location of the storage facility is convenient and the costs are
reasonable, the cost savings realized by downsizing the square footage is $16,864 over
the life of the Lease.
Source of Funds
100% Federal Funds
Two- year lease and one two-year renewal; however, this Lease contains a Standard
cancellation clause with 90-days notice.
Non-approval of this Addendum will hinder the Department from being able to store
supplies and equipment in a convenient location and would incur moving costs if they
needed to relocate.
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