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  5. ›Lease of Parking Spaces at Milander Center Parking Garage

Awarded contract·City of Hialeah, Florida·Florida

Lease of Parking Spaces at Milander Center Parking Garage

Won by Cowart Auto Tag Agency Corp.$38kSingle Award
Contract source

Awarded vendors

  • Cowart Auto Tag Agency Corp.

Description

This contract is for the lease of 15 parking spaces at the Milander Center parking garage, located at 4800 Palm Avenue, Hialeah, Florida. The lease term is for 3 years, commencing on April 15, 2022, and ending on April 14, 2025. The monthly rent is $350.00, plus applicable sales tax. The contract includes provisions for insurance, maintenance, and repairs, as well as a security deposit of $500.00. The vendor, Cowart Auto Tag Agency Corp., is required to provide a certificate of insurance and to indemnify the City of Hialeah against any claims or damages. • The lease is for a term of 3 years, with an option to renew for an additional 2-year term. • The monthly rent is $350.00, plus applicable sales tax. • The vendor is required to provide a certificate of insurance and to indemnify the City of Hialeah against any claims or damages. • The contract includes provisions for maintenance and repairs, as well as a security deposit of $500.00. • The vendor is not allowed to assign or sublet the lease without the prior written approval of the City of Hialeah.

Attached files

Key dates

Starts
4/15/2022
Ends
4/14/2027Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531120
Solicitation №
144586

Contract value

$38,300

The contract value can be estimated based on the monthly rent and the lease term. The monthly rent is $350.00, and the lease term is 3 years. Therefore, the total contract value can be estimated as follows: $350.00 per month x 12 months per year x 3 years = $12,600.00 per year x 3 years = $37,800.00. Additionally, the contract includes a security deposit of $500.00, which should be added to the total contract value. Therefore, the estimated total contract value is $37,800.00 + $500.00 = $38,300.00.

AI estimate from the award documents

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