Free Rent in Century Building Ends for Startup Transportation Business. Now it’s $1 a month. : NorthEscambia.com
A six-month rent-free ride for a startup transportation company in a City-owned building in Century ends Thursday as their rent drops to $1 a month.
In late April, the board approved a three-month, zero-dollar lease for space in the Century Business Center with Metro Rapid Transport and their for-profit medical and other non-emergency transportation services business. This lease was to expire on July 20.
Then, in July, the board extended the deal for three months until October 20. At that time, the council said it would renew the lease before its end and consider future options. Metro Rapid officials requested the additional three months as they continued to work toward positive cash flow.
This week, Metro Rapid officials told the council that they are continuing to work on building their business while serving the city. But, they said there were delays and difficulties in receiving payment from Medicaid and Medicare for services already rendered.
Expressing a desire to help the local business succeed while noting that the city has no other paying tenants in its Pond Street complex, the council elected to extend Metro Rapid’s lease from three months to 1 $ per month. They will go back on a fair rent before the end of the mandate.
During their use of the city building, Metro Rapid is responsible for utility costs. Under the lease, Metro Rapid accepted the premises “as is”, with the city having no responsibility for repairs or alterations.
Metro Rapid also has the non-exclusive right to use the paved parking surfaces and driveway. The lease also allows the company to use part of the property east of the Century Business Center as a bus parking area, but buses and other vehicles are not permitted in the Century Business Center at any time. Their use is limited to overnight and temporary parking for less than 12 hours. They are not authorized to make repairs or maintain vehicles on the property.