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R2021-66 Resolution Authorizing the City Manager to Negotiate Terms and Conditions and Execute a Lease Agreement for Space on the 2nd Floor of the Decatur Public Library with Thinkwell Makerspace Industries, LLC
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R2021-66 Resolution Authorizing the City Manager to Negotiate Terms and Conditions and Execute a Lease Agreement for Space on the 2nd Floor of the Decatur Public Library with Thinkwell Makerspace Industries, LLC
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Last modified
9/12/2024 2:23:23 PM
Creation date
4/21/2021 12:35:06 PM
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Resolution/Ordinance
Res Ord Num
R2021-66
Res Ord Title
R2021-66 Resolution Authorizing the City Manager to Negotiate Terms and Conditions and Execute a Lease Agreement for Space on the 2nd Floor of the Decatur Public Library with Thinkwell Makerspace Industries, LLC
Department
City Manager
Approved Date
4/19/2021
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Projected Annual Cost <br /> (based on$1.46/Sq Ft Utiltiies and CAM per email from Mike Pritchett) <br /> Phase 1 Sq Ft-10,370 15,052 <br /> Projected Monthly Cost 1,254 <br /> Year 1 Monthly Flat Rate <br /> (20%of Projected Monthly Cost) 250 <br /> Delta 1004 <br /> Monthly Increase beginning Year 2 <br /> (Delta divided into remaining 24 months) 42 <br /> Year 4 Projected Annual Cost <br /> (based on$1.46/Sq Ft Utiltiies and CAM per email from Mike Pritchett) <br /> Phase 2 Sq Ft-17,028) 24715 <br /> Year 4 Projected Monthly Cost 2060 <br /> 2425 Sq Ft at 1.46/sq ft for Classroom spaces calculated using the same logic. 295 <br /> Month Date Monthly Flat Rate Monthly%of Projected Monthly Cost <br /> 1 1/2024 250 20% <br /> 2 2/2024 250 20% <br /> 3 3/2024 250 20% <br /> 4 4/2024 250 20% <br /> 5 5/2024 250 20% <br /> 6 6/2024 250 20% <br /> 7 7/2024 250 20% <br /> 8 8/2024 250 20% <br /> 9 9/2024 250 20% <br /> 10 10/2024 250 20% <br /> 11 11/2024 250 20% <br /> 12 12/2024 250 20% <br /> 13 1/2025 292 23% <br /> 14 2/2025 334 27% <br /> 15 3/2025 376 30% <br /> 16 4/2025 418 33% <br /> 17 5/2025 460 37% <br /> 18 6/2025 502 40% <br /> 19 7/2025 544 43% <br /> 20 8/2025 586 47% <br /> 21 9/2025 628 50% <br /> 22 10/2025 670 53% <br /> 23 11/2025 712 57% <br /> 24 12/2025 754 60% <br /> 25 1/2026 796 63% <br /> 26 2/2026 838 67% <br /> 27 3/2026 880 70% <br /> 28 4/2026 922 74% <br /> 29 5/2026 964 77% <br /> 30 6/2026 1006 80% <br /> 31 7/2026 1048 84% <br /> 32 8/2026 1090 87% <br /> 33 9/2026 1132 90% <br /> 34 10/2026 1174 94% <br /> 35 11/2026 1216 97% <br /> 36 12/2026 1258 100% <br /> 37 1/2027 2,060 100% <br />
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