DATE: April 13, 2021
TO: Board of Supervisors
SUBMITTED BY: Delfino Neira, Director, Department of Social Services
Robert W. Bash, Director of Internal Services/Chief Information Officer
SUBJECT: Lease of Parking Space for Department of Social Services
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute a lease with Pontiac Parking Solutions LLC, for use by the County's Department of Social Services, effective the date the agreement is executed not to exceed ten years, total not to exceed $1,209,033.
2. Authorize the Director of Internal Services/Chief Information Officer or his/her representative, to approve and execute a Memorandum of Lease for the premises, as well as any Estoppel Certificate and/or Subordination and Attornment Agreement required by the Lessor, and any other such necessary agreements, certificates, notices, instruments, or documents, subject to the approval of the County Counsel's Office as to legal form and, if applicable, as to accounting form by the County Auditor-Controller/Treasurer-Tax Collector.
REPORT
Approval of the recommended actions will authorize the County to enter into a ten-year lease for approximately 600 parking stalls for the Department of Social Services. The lease maximum compensation amount for the first years rent is $105,456, with no increase in Net County Cost. This includes a base rent of $1.00 and annual operating expenses of $105,455. The actual operating expenses will be reconciled via an end-of-year true up process. If the County's share of the actual operation costs exceeds the County's prior payments, the County shall pay the deficiency to the lessor as additional rent. If the County's payments for the calendar year exceed the County's actual share of the operation costs, the County may offset the excess against any future operation costs payments. This item pertains to a location in District 3.
ALTERNATIVE ACTION(S):
Your Board could direct the Department of Social Services to ...
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