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art.009/4/009/3/009/2/009/1 | ||
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1 | ARTICLE 9 | |
2 | RELATING TO LEASES | |
3 | SECTION 1. This article consists of a Joint Resolution that is submitted pursuant to Rhode | |
4 | Island General Laws § 37-6-2, authorizing various lease agreements for office space and operating | |
5 | space. | |
6 | SECTION 2. Rhode Island Department of State (148 West River Street, Providence). | |
7 | WHEREAS, The Rhode Island Department of State currently occupies approximately | |
8 | 12,152 square feet at 148 West River Street in the City of Providence; and | |
9 | WHEREAS, The Rhode Island Department of State currently holds a lease agreement, in | |
10 | full force and effect, with EGMP 146-148 West River LLC for approximately 12,152 square feet | |
11 | of office and customer service space located at 148 West River Street, in the City of Providence; | |
12 | and | |
13 | WHEREAS, The existing lease expires on July 31, 2026, and the Rhode Island Department | |
14 | of State wishes to enter into a new lease agreement for a period of ten (10) years; and | |
15 | WHEREAS, The State of Rhode Island, acting by and through the Department of State | |
16 | attests to the fact that there are no clauses in the lease agreement with EGMP 146-148 West River | |
17 | LLC that would interfere with the Department of State’s lease agreement or use of the facility; and | |
18 | WHEREAS, The leased premises provide a critical location for the offices of the | |
19 | Department of State from which the agency can fulfill its mission; and | |
20 | WHEREAS, The annual fixed rent in the agreement in the current fiscal year, ending June | |
21 | 30, 2026 is $256,589.52; and | |
22 | WHEREAS, The annual base rent of the agreement in year one is not to exceed | |
23 | $261,268.00 which will be followed by annual increases of 2.5% in years two (2) through ten (10), | |
24 | with year ten (10) not to exceed $326,287.93; and | |
25 | WHEREAS, The payment of the annual base rent will be made from funds available to the | |
26 | Department of State for the payments of rental and lease costs based on annual appropriations made | |
27 | by the General Assembly; and | |
28 | WHEREAS, The State Properties Committee now respectfully requests the approval of the | |
29 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
30 | between the Department of State and EGMP 146-148 West River LLC for leased space located at | |
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1 | 148 West River Street, Providence; now therefore be it | |
2 | RESOLVED, That this General Assembly of the State of Rhode Island hereby approves | |
3 | the lease agreement, for a term not to exceed ten (10) years and an aggregate base rent not to exceed | |
4 | $2,927,085.15; and it be further | |
5 | RESOLVED, That this Joint Resolution shall take effect upon passage by the General | |
6 | Assembly; and it be further | |
7 | RESOLVED, That the Secretary of State is hereby authorized and directed to transmit duly | |
8 | certified copies of this resolution to the Governor, the Department of State, the Director of | |
9 | Administration, the State Budget Officer, and the Chair of the State Properties Committee. | |
10 | SECTION 3. Rhode Island Department of Environmental Management, (235 Promenade | |
11 | Street, Providence). | |
12 | WHEREAS, The Rhode Island Department of Environmental Management currently | |
13 | occupies 126,184 square feet at 235 Promenade Street in the City of Providence; and | |
14 | WHEREAS, The Rhode Island Department of Environmental Management currently holds | |
15 | a lease agreement in full force and effect, with Foundry Parcel Fifteen Associates, LLC for 126,184 | |
16 | square feet of office and customer service space located at 235 Promenade Street, in the City of | |
17 | Providence; and | |
18 | WHEREAS, The existing lease expires on July 7, 2026, and the Rhode Island Department | |
19 | of Environmental Management wishes to enter into a new lease agreement for a period of ten (10) | |
20 | years; and | |
21 | WHEREAS, The Department of Administration and Rhode Island Department of | |
22 | Environmental Management received and reviewed proposals for office space that would meet the | |
23 | Department of Environmental Management’s needs; and | |
24 | WHEREAS, Upon completing an evaluation of the submitted lease proposals, the Rhode | |
25 | Island Department of Environmental Management wishes to enter into a ten-year lease agreement | |
26 | with Foundry Parcel Fifteen Associates, LLC for approximately 115,733 square feet of office space | |
27 | located at 235 Promenade Street in the city of Providence; and | |
28 | WHEREAS, The State of Rhode Island, acting by and through the Rhode Island | |
29 | Department of Environmental Management attests to the fact that there are no clauses in the lease | |
30 | agreement with Foundry Parcel Fifteen Associates, LLC that would interfere with the Rhode Island | |
31 | Department of Environmental Management’s lease agreement or use of the facility; and | |
32 | WHEREAS, The leased premises provide a critical location for the offices of the Rhode | |
33 | Island Department of Environmental Management from which the agency can fulfill its mission; | |
34 | and | |
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1 | WHEREAS, The annual fixed rent in the agreement in the current fiscal year, ending June | |
2 | 30, 2026 is $2,586,772; and | |
3 | WHEREAS, The annual fixed rent of the agreement in each of the first five (5) years of | |
4 | the renewal term will not exceed $2,761,716 and shall not exceed $2,952,675 in each of the | |
5 | remaining years of the renewal term (or in each of years six (6) through ten (10) of the renewal | |
6 | term); and | |
7 | WHEREAS, The payment of the annual fixed rent will be made from funds available to | |
8 | the Rhode Island Department of Environmental Management for the payments of rental and lease | |
9 | costs based on annual appropriations made by the General Assembly; and | |
10 | WHEREAS, The State Properties Committee now respectfully requests the approval of the | |
11 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
12 | between the Rhode Island Department of Environmental Management and Foundry Parcel Fifteen | |
13 | Associates, LLC for lease space located at 235 Promenade Street, Providence; now therefore be it | |
14 | RESOLVED, That this General Assembly of the State of Rhode Island hereby approves | |
15 | the lease agreement, for a term not to exceed ten (10) years and an aggregate fixed rent not to | |
16 | exceed $28,571,955; and it be further | |
17 | RESOLVED, That this Joint Resolution shall take effect upon passage by the General | |
18 | Assembly; and it be further | |
19 | RESOLVED, That the Secretary of State is hereby authorized and directed to transmit duly | |
20 | certified copies of this resolution to the Governor, the Director of the Rhode Island Department of | |
21 | Environmental Management, the Director of Administration, the State Budget Officer, and the | |
22 | Chair of the State Properties Committee. | |
23 | SECTION 4. State of Rhode Island Office of the Public Defender (160 Pine Street, | |
24 | Providence). | |
25 | WHEREAS, The Office of the Public Defender currently occupies approximately 19,777 | |
26 | square feet at 160 Pine Street in the City of Providence; and | |
27 | WHEREAS, The Office of the Public Defender currently holds a lease agreement, in full | |
28 | force and effect, with PK Lamb Properties, Inc. for approximately 19,777 square feet of office | |
29 | space located at 160 Pine Street, in the City of Providence; and | |
30 | WHEREAS, The existing lease expires on July 31, 2026, and the Office of the Public | |
31 | Defender wishes to renew this lease for an additional five-year term; and | |
32 | WHEREAS, The State of Rhode Island, acting by and through the Office of the Public | |
33 | Defender attests to the fact that there are no clauses in the lease agreement with PK Lamb | |
34 | Properties, Inc. that would interfere with the Office of the Public Defender’s lease agreement or | |
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1 | use of the facility; and | |
2 | WHEREAS, The leased premises provide a critical location for the Office of the Public | |
3 | Defender from which the agency can fulfill its mission; and | |
4 | WHEREAS, The annual fixed rent in the agreement in the current fiscal year, ending June | |
5 | 30, 2026 is $393,166.76; and | |
6 | WHEREAS, The annual fixed rent of the agreement in the five (5) years of the renewal | |
7 | term will not exceed $483,619; and | |
8 | WHEREAS, The payment of the annual fixed rent will be made from funds available to | |
9 | the Office of the Public Defender for the payments of rental and lease costs based on annual | |
10 | appropriations made by the General Assembly; and | |
11 | WHEREAS, The State Properties Committee now respectfully requests the approval of the | |
12 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
13 | between the Office of the Public Defender and PK Lamb Properties, Inc. for leased space located | |
14 | at 160 Pine Street, Providence; now therefore be it | |
15 | RESOLVED, That this General Assembly of the State of Rhode Island hereby approves | |
16 | the lease agreement, for a term not to exceed five (5) years and an aggregate fixed rent not to exceed | |
17 | $2,418,095; and it be further | |
18 | RESOLVED, That this Joint Resolution shall take effect upon passage by the General | |
19 | Assembly; and it be further | |
20 | RESOLVED, That the Secretary of State is hereby authorized and directed to transmit duly | |
21 | certified copies of this resolution to the Governor, the Public Defender, the Director of | |
22 | Administration, the State Budget Officer, and the Chair of the State Properties Committee. | |
23 | SECTION 5. Rhode Island Department of Human Services (77 Dorrance Street, | |
24 | Providence). | |
25 | WHEREAS, The Rhode Island Department of Human Services currently occupies 25,812 | |
26 | square feet at 77 Dorrance Street in the City of Providence; and | |
27 | WHEREAS, The Rhode Island Department of Human Services currently holds a lease | |
28 | agreement in full force and effect, with 77 Dorrance, LLC for 25,812 square feet of office and | |
29 | customer service space located at 77 Dorrance Street, in the City of Providence; and | |
30 | WHEREAS, The existing lease expires on August 31, 2026, and the Rhode Island | |
31 | Department of Human Services wishes to enter into a new lease agreement for a period of five | |
32 | years (5) years; and | |
33 | WHEREAS, The State of Rhode Island, acting by and through the Department of Human | |
34 | Services attests to the fact that there are no clauses in the lease agreement with 77 Dorrance, LLC | |
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1 | that would interfere with the Department of Human Service’s lease agreement or use of the facility; | |
2 | and | |
3 | WHEREAS, The leased premises provide a critical location for the offices of the | |
4 | Department of Human Services from which the agency can fulfill its mission; and | |
5 | WHEREAS, The annual fixed rent in the agreement in the current fiscal year, ending June | |
6 | 30, 2026 is $412,992; and | |
7 | WHEREAS, The annual fixed rent of the agreement in the five (5) years of the renewal | |
8 | term will not exceed $500,753; and | |
9 | WHEREAS, The payment of the annual fixed rent will be made from funds available to | |
10 | the Department of Human Services for the payments of rental and lease costs based on annual | |
11 | appropriations made by the General Assembly; and | |
12 | WHEREAS, The State Properties Committee now respectfully requests the approval of the | |
13 | Rhode Island House of Representatives and the Rhode Island Senate for the lease agreement | |
14 | between the Department of Human Services and 77 Dorrance, LLC for lease space located at 77 | |
15 | Dorrance Street, Providence; now therefore be it | |
16 | RESOLVED, That this General Assembly of the State of Rhode Island hereby approves | |
17 | the lease agreement, for a term not to exceed five (5) years and an aggregate fixed rent not to exceed | |
18 | $2,503,765; and it be further | |
19 | RESOLVED, That this Joint Resolution shall take effect upon passage by the General | |
20 | Assembly; and it be further | |
21 | RESOLVED, That the Secretary of State is hereby authorized and directed to transmit duly | |
22 | certified copies of this resolution to the Governor, the Director of the Department of Human | |
23 | Services, the Director of Administration, the State Budget Officer, and the Chair of the State | |
24 | Properties Committee. | |
25 | SECTION 6. Office of the Postsecondary Commissioner (83 Tower Street, Westerly). | |
26 | WHEREAS, The Office of the Postsecondary Commissioner, by and through its governing | |
27 | council, the Rhode Island Council on Postsecondary Education, desires to lease approximately | |
28 | 2,385 rentable square feet of space at the building located at 83 Tower Street, Westerly, Rhode | |
29 | Island, owned by Tower Street Center, Inc.; and | |
30 | WHEREAS, To meet the continued demand from employers for a highly trained and | |
31 | skilled workforce that requires an education credential beyond a high school diploma, the Office | |
32 | of the Postsecondary Commissioner requires additional educational space. Currently, the Westerly | |
33 | Education Center is at capacity, offering nine trades to support employees for Electric Boat, | |
34 | programming from higher education institutions, and space for industry partners to provide | |
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1 | incumbent worker training programs; and | |
2 | WHEREAS, The proposed lease is for additional educational space, and there is no existing | |
3 | lease for the specific premises located at 83 Tower Street, Westerly, Rhode Island; and | |
4 | WHEREAS, Tower Street Center, Inc. entered into a Ground Lease Agreement with the | |
5 | Town of Westerly, Rhode Island on January 1, 2024, to develop a community center, authorizing | |
6 | the Landlord to sublease all or any portion of the improvements on the Property, develop the terms | |
7 | of such permitted sublease(s), and enforce the terms of such permitted sublease(s), according to the | |
8 | terms set forth in the Ground Lease Agreement; and | |
9 | WHEREAS, The vision for the Tower Street Community Center is to create a | |
10 | transformative community hub that breaks down barriers to essential services, fosters meaningful | |
11 | connections, and empowers individuals to thrive. The Tower Street Community Center is | |
12 | envisioned as a place where health, education, and recreation intersect to build a stronger, more | |
13 | resilient community; and | |
14 | WHEREAS, The leased premises provide a critical location for the Office of the | |
15 | Postsecondary Commissioner to expand its operations from which the agency can fulfill its mission; | |
16 | and | |
17 | WHEREAS, The initial lease term in the lease agreement is for a period of ten (10) years, | |
18 | and the lease agreement includes three (3) optional extensions of ten (10) years each; and | |
19 | WHEREAS, The Office of the Postsecondary Commissioner received $1,500,000 in | |
20 | federal grant funding through the Consolidated Appropriations Act, 2023 (Public Law 117-328), | |
21 | under the Economic Development Initiative Community Project Funding/Congressionally Directed | |
22 | Spending program, administered by the United States Department of Housing and Urban | |
23 | Development, for prepaid rent toward securing a lease agreement for the Education Center | |
24 | Expansion project at the Tower Street Community Center; and | |
25 | WHEREAS, The base rent of the lease agreement will consist of a lump-sum prepayment | |
26 | of $1,500,000 and additional annual base rent not to exceed $50,000 per year in each of years one | |
27 | (1) through ten (10), for aggregate base rent not to exceed $2,000,000 during the initial ten-year | |
28 | term. The base rent reflects a percentage of the reasonably anticipated cost of construction for this | |
29 | phase of the project, secures the long-term lease and extension options, and provides the option to | |
30 | expand the leased premises into a subsequent phase of the project at no additional base rent during | |
31 | the initial term or any exercised extension term, as applicable, if the Landlord develops subsequent | |
32 | phases of the project; and | |
33 | WHEREAS, The payment of additional annual base rent will be made from funds available | |
34 | to the Office of the Postsecondary Commissioner for the payment of rental and lease costs based | |
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1 | on annual appropriations made by the General Assembly of the State of Rhode Island from the | |
2 | higher education and industry centers restricted receipt account pursuant to 16-59-9.; and | |
3 | WHEREAS, The lease agreement is subject to approval by the Rhode Island Council on | |
4 | Postsecondary Education and the State Properties Committee, and approval of the Rhode Island | |
5 | House of Representatives and the Rhode Island Senate is requested for the lease agreement between | |
6 | the Office of the Postsecondary Commissioner, by and through its governing council, the Rhode | |
7 | Island Council on Postsecondary Education, and Tower Street Center, Inc. for leased space located | |
8 | at 83 Tower Street, Westerly, Rhode Island; now therefore be it | |
9 | RESOLVED, That this General Assembly of the State of Rhode Island hereby approves | |
10 | the lease agreement for an initial term not to exceed ten (10) years, with three (3) optional | |
11 | extensions of ten (10) years each, and authorizes the lease agreement to include an option to expand | |
12 | the leased premises into a subsequent phase of the project at no additional base rent during the | |
13 | initial term or any exercised extension term, as applicable, if the Landlord develops subsequent | |
14 | phases of the project, provided that aggregate base rent during the initial term shall not exceed | |
15 | $2,000,000; provided, however, that General Assembly approval granted hereby is subject to and | |
16 | conditioned upon approval by the Rhode Island Council on Postsecondary Education and the State | |
17 | Properties Committee; and it be further | |
18 | RESOLVED, That this Joint Resolution shall take effect upon passage by the General | |
19 | Assembly; and it be further | |
20 | RESOLVED, That the Secretary of State is hereby authorized and directed to transmit duly | |
21 | certified copies of this resolution to the Governor, the Rhode Island Commissioner of | |
22 | Postsecondary Education, the Director of Administration, the State Budget Officer, and the Chair | |
23 | of the State Properties Committee. | |
24 | SECTION 7. This article shall take effect upon passage. | |
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