October 20, 2022
INTER-OFFICE MEMORANDUM
TO: Isaac Benton, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Lease Agreement between City of Albuquerque and Vizionz-Sankofa
body
The City owns property known as the Gibson Health Hub, located at 5400 Gibson SE. The City proposes to enter in to a 5-year lease agreement with Vizionz-Sankofa for 4,812 sq. ft. in Building 11. Vizionz-Sankofa will establish an International District Family Resources Center that provides direct social services to the International District community and SE quadrant of the City of Albuquerque. Services include homeless outreach, rapid re-housing and other wrap around services that support a path toward obtaining and maintaining stable housing.
The proposed Lease Agreement is for 5 years with 3 (1) year options to extend, if lessee is not in default and if properly exercised.
The initial year of this lease will generate $76,992.00 or 4,812 sq. ft. x $16.00 sq.ft, and includes a 2% annual escalation each year thereafter.
This Lease Agreement is forwarded to City Council for approval.
TITLE/SUBJECT OF LEGISLATION:
Lease Agreement between City of Albuquerque and Vizionz-Sankofa
Approved: Approved as to Legal Form:
_______________________ ______________________________
Lawrence Rael Date City Attorney Date
Chief Administrative Officer
Recommended:
_______________________
Carol Pierce Date
Director