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TO: Mayor Richard C. Irvin
FROM: Trevor Dick, Director of Development Strategy and Facilitation
DATE: September 4, 2020
SUBJECT:
A Resolution Authorizing the Approval and Execution of a Lease Agreement between the City of Aurora and F.H. Paschen for the Lease of Office Space on the Second Floor of a City-owned Building located at 1 South Broadway, Aurora, Illinois 60505.
PURPOSE:
The purpose of the request is to fill a currently partially vacant building owned by the City of Aurora. The F.H. Paschen has found the size of the building's second floor a fitting location for their new west suburban corporate office.
BACKGROUND:
F.H. Paschen has more than three decades working in construction, it is an industry leader in infrastructure construction and rehabilitation, renovation and repair work, as well as in alternative delivery methods such as Design-Build Construction, Job Order Contracting and Construction Manager as Contractor. F.H. Paschen serves both the public and private sectors with more than twenty LEED Accredited professionals on staff, providing extensive construction experience in heavy civil transportation (including major highways, bridges, and mass transit systems), public works projects, municipal buildings, commercial properties, and private institutions.
Over the years the City has established a good working relationship and has had very good previous experiences with F.H. Paschen, where they completed projects as scheduled and on budget. (ie. The lower level of DSC, Elmslie/Hogan building repairs and the Route 59 Transit Center Staircase Replacement are just a few).
DISCUSSION:
The proposed lease has an initial term of one year and affords F.H. Paschen the option to extend the lease at the end of the lease term. During the initial lease period, F.H. Paschen will pay the City $29,400 in annual rent or $2,450 per month.
IMPACT STATEMENT:
Approval of this resolution will provide a modest source of revenue and have the ancillary benefit of creating a positive impact on the downtown and community by bringing new businesses, people and opportunities.
RECOMMENDATIONS:
It is recommended that the lease between the City of Aurora and F.H. Paschen for the city-owned property located on the second floor at 1 South Broadway be approved.
cc: Finance Committee
Alderman Robert O’Connor, Chairperson
Alderman Edward J. Bugg, Vice Chairperson
Alderman Carl Franco
Alderwoman Scheketa Hart-Burns
Alderman Emmanuel Llamas
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution Authorizing the Approval and Execution of a Lease Agreement between the City of Aurora and F.H. Paschen for the Lease of Office Space on the Second Floor of a City-owned Building located at 1 South Broadway, Aurora, Illinois 60505.
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, the City owns an office building located at 1 South Broadway, Aurora Illinois, 60505; and
WHEREAS, F.H. Paschen desires to locate its corporate offices and conduct business in Aurora; and
WHEREAS, the parties have negotiated a lease agreement for the use of said office facility
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the attached Lease Agreement between the City of Aurora, Illinois and F.H. Paschen shall be and hereby are approved; and further
BE IT RESOLVED; that the Mayor and City Clerk are executed to execute the Lease Agreement provided in Exhibit A attached hereto and made a part thereof, and deliver the same to F.H. Paschen.