Attachment_Lease_Confirmation_Statement.pdf

This is a Lease Confirmation Statement document related to the City of Tampa's disposition of real property located at 411 North Franklin Street, which currently houses the Tampa Police Department Headquarters. The statement outlines the terms of two existing tenant leases that will be assumed or terminated by the successful proposer. Dan Hayman Jewelers, Inc. occupies 733 square feet on the northwest corner of the first floor of the main structure under a month-to-month lease at $1,553.43 monthly, while P10 Kennedy, LLC (Moxies) occupies space in the southwest corner of the first floor parking garage structure under a lease expiring April 6, 2030, with a 5% annual escalation and a 5-year tenant renewal option at $3,582.15 monthly. The document indicates that the successful purchaser must vacate tenant space at property occupancy, though specific conditions for handling lease obligations remain incomplete in the attachment.

The lease confirmation statement reflects that the property is being sold with existing lease obligations that the successful proposer must address as part of their development plan. Proposers must indicate whether they will assume or terminate the existing leases and are responsible for ensuring tenant vacancies. The incomplete sections of the document suggest that additional conditions and terms regarding purchaser obligations toward each lease were to be negotiated and finalized during the proposal process. These lease considerations represent material factors in the overall financial and operational planning for the property's redevelopment, particularly given the Moxies lease extension through 2030 with escalation clauses.