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•CITY OF SOUTH BEND I OFFICE OF THE CLERK <br /> of our City-owned properties and could not find anything that really meets the needs of the South <br /> Bend Human Right's Commission. <br /> Councilmember Broden asked, Is the additional rent beyond the basic rent percentage staying the <br /> same? <br /> Ms. DeRose replied, Yes, it is thirty-two point nine percent (32.9%) based on the Commission's <br /> occupancy of the entire building. It is called Common Area Maintenance and it is a common and <br /> standard component of rent. <br /> Councilmember Broden followed up, And what is the annual operating cost in addition to the <br /> monthly rent? <br /> Ms. DeRose replied, We don't know because it is based on the utilities and the monthly bill but <br /> we estimate it is about four hundred and fifty dollars ($450) per square foot. What we negotiated <br /> was the removal of taxes and we have built into the lease that the landlord will receive that <br /> deduction each year. <br /> Councilmember Broden asked, So all in all, similar terms then? <br /> Ms. DeRose replied, Similar terms. <br /> Councilmember Jake Teshka stated, I read in the packet it was roughly a eighty-eight (88) cents <br /> per square foot over the next five (5) years of the lease. Is that just market value increase? <br /> Ms. DeRose replied, It is just market value. To be honest,that is very reasonable. <br /> Councilmember Teshka followed up, Who is MedPro Properties? <br /> Ms. DeRose replied, They are the medical practice that use the other portion of the building so the <br /> doctors own that building. <br /> Committee Chair White then opened the floor to members of the public wishing to speak in favor <br /> of or in opposition to the legislation. There were none. She then turned the floor back to the <br /> Committee for further comment or main motion. <br /> Committeemember Gavin Ferlic made a motion to send Bill No. 18-35 to the full Council with a <br /> favorable recommendation. Committeemember Williams-Preston seconded this motion which <br /> carried by a voice vote of four(4) ayes. <br /> With no further business,Committee Chair White adjourned the Personnel and Finance Committee <br /> meeting at 4:03 p.m. <br /> Respectfully Submitted, <br /> Karen White, Committee Chair <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 455 County-City Building 1 227 W.Jefferson Bvld I South Bend,Indiana 466011 p 574.235.92211 f574.235.9173 I TTD 574.235.5567 I www.southbendin.gov <br /> 4 <br />