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Lease Agreement With RATP Dev USA, Inc., for Property Located at Department of Public Works Facility, 700 Aeriform Drive, Brooksville
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BRIEF OVERVIEW
Hernando County has been under contract with RATP Dev USA, Inc., since March of 2011, to provide 1,440 square feet of office space within the Department of Public Works (DPW) facility located on East Jefferson Street to operate the County’s mass transit system. This recommendation is for the renewal of the original negotiated lease for the Hernando BUS, now under contract with RATP Dev USA, Inc., (Key 1211888). Currently, this lease renewal between parties has been updated and submitted for the Board to review and approve.
FINANCIAL IMPACT
Annual revenue from the contract lease between Hernando County and RATP Dev USA, Inc., will be recognized in Transportation Trust Fund 1011-3620001 in the amount of:
• FY2026 $20,160.00
• FY2027 $20,996.40
• FY2028 $21,805.08
• FY2029 $22,677.24
• FY2030 $23,584.32
• FY2031 $24,527.72
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve and authorize the Chairman’s signature on the attached lease agreement between Hernando County and RATP Dev USA, Inc.