Title
Resolution Authorizing Agreement Among City of Foley; Symbol Health Solutions, LLC; and Ascend Performance Materials, LLC for Shared Utilization of Foley Employee Health Clinic
Summary
Description of Topic: (who, what, where, when, why and how much)
Ascend Performance Materials has requested to share in the use of the City of Foley Employee Healthcare Clinic. The City would require them to pay approrated amount of market based rent. We have used the calculation below to draft an agreement using a formula assuming 1980 sq ft @ $12./sq ft
Budgetary Impact: Will be rental revenue
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, Ascend Performance Materials has requested to share in the use of the City of Foley Employee Healthcare Clinic. The City would require them to pay an annual prorated amount of market based rent using a formula assuming 1980 sq ft @ $12./sq ft.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the "Agreement Among City of Foley; Symbol Health Solutions, LLC; and Ascend Performance Materials, LLC: for sharing of the City of Foley Employee Health Care Clinic as outlined in the attached agreement which becomes a part of this resolution upon adoption.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.