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  5. ›University of Florida Second Amendment to Lease

Awarded contract·City of Hialeah, Florida·Florida

University of Florida Second Amendment to Lease

Won by University of Florida$250kSingle Award
Contract source

Awarded vendors

  • University of Florida

Description

This contract is a lease agreement between the City of Hialeah, Florida, and the University of Florida, for the use of a facility located at 740-750 East 25 Street, Hialeah, Florida. The lease term is for 10 years, with an option to renew for an additional 5 years. The University of Florida will use the facility as a research, training, and teaching facility in connection with the operation of a dental school or college, and as a dental clinic serving low-income and moderate-income people. The City of Hialeah will provide the facility and maintain the exterior of the building, while the University of Florida will be responsible for the interior maintenance and repairs. The contract also outlines the responsibilities of both parties, including the payment of rent, utilities, and insurance. Some key points about the job's work and scope-of-work include: the facility will be used for a dental school or college, and for a dental clinic; the University of Florida will be responsible for the interior maintenance and repairs; and the City of Hialeah will provide the facility and maintain the exterior of the building.

Attached files

Key dates

Starts
9/25/2022
Ends
9/24/2027Renews
Duration
10 years

Last updated

Details

Award type
Single Award
Industry
Education
NAICS
611310

Contract value

$250,000

The contract value is not explicitly stated in the document, but based on the information provided, it appears that the City of Hialeah has invested in the facility and is leasing it to the University of Florida for a nominal annual rent of $1.00. The contract also mentions that the University of Florida will be responsible for paying for utilities, maintenance, and repairs, which could be a significant cost. However, without more information, it is difficult to estimate the total value of the contract. A rough estimate could be in the range of $100,000 to $500,000 per year, depending on the costs of utilities, maintenance, and repairs.

AI estimate from the award documents

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