Inactive
Notice ID:9AR2113
Memorandum to File Justification for Acquisitions When Net Rent is Less than $250,000 (SLAT) and contract value does not exceed $750,000 The purpose of this memorandum is to document the file for the ...
Memorandum to File Justification for Acquisitions When Net Rent is Less than $250,000 (SLAT) and contract value does not exceed $750,000 The purpose of this memorandum is to document the file for the absence of competition and clarify other documentation requirements for lease renewal that do not exceed the simplified acquisition threshold for leases of $250,000.00 net annual rent. Lease No. LAR16906 (Project: 9AR2113) for 4,900 rsf located at 206 Rockingchair Road, Paragould, AR, expires on 1/15/2023. The space is occupied by USDA/NRCS/FSA. The current total annual rent for the space is $86,726.70. Operating rent is $21,513.69. The proposed net annual rent for the space is $65,213.01. The proposed term for the renewal is 60 months, from 1/16/2023 to 1/15/2028. The proposed total annual rent for the renewal is $86,726.70. The proposed contract value for the renewal is $. This memorandum is provided to document the absence of competition. The net annual rent does not exceed the simplified acquisition threshold for leases of $250,000.00 additional justification is not required in accordance with GSAM 570. A Justification for Other Than Full and Open Competition is not required to be approved above the contracting officer because the annual rent does not exceed the simplified lease acquisition threshold and contract value does not exceed $750,000. This memorandum satisfies the requirement for justification in accordance with GSAM 570. X Project Manager X Leasing Specialist X Contracting Officer DocuSign Envelope ID: 5650B6CB-482D-41FE-99E9-B77E31E5452C 3/25/2022 Thomas Roberts 3/25/2022 Thomas Roberts Kobie Stroman 3/25/2022