DATE: August 20, 2024
TO: Board of Supervisors
SUBMITTED BY: Edward Hill, Chief Operating Officer/Interim Director of Internal Services/Chief Information Officer
Sally Gomez, County Librarian
SUBJECT: New Politi Library Lease Agreement
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute a Lease Agreement with Jeff Jue and Velvet Jue, as trustees of the Jeff & Velvet Jue Family Trust, dated August 10, 2011 (Lessor), for approximately 21,440 square feet of retail space, together with related improvements and parking, located at 6074 N. First Street, Fresno, CA 93710, for use by the Library, effective upon execution for a potential 10-year term, which includes an initial six-year base term, with four automatic one-year extensions, with base rent not to exceed $6,518,234, and estimated possible additional rent of $1,323,706, for a total maximum rent of $7,841,939 for the potential 10-year term;
2. Authorize the Director of the Internal Services Department/Chief Information Officer, or their designee, to approve and execute, upon review and approval as to legal form by County Counsel, an Estoppel Certificate, and Subordination and Non-Disturbance Agreement relating to the recommended Lease Agreement, if County is so requested by Lessor, to sign such documents; and
3. Authorize the Director of Internal Services/Chief Information Officer, or their designee, to approve and execute (or accept, as applicable), (a) upon review and approval as to legal form by County Counsel, the Memorandum of Lease, and any notices, instruments, certificates, and documents, relating to the consummation of the recommended Lease Agreement, and (b) any notices and documents relating to the County's administration of the leased premises under the recommended Lease Agreement.
REPORT
There is no additional Net County Cost associated with the recommended actions, which will authorize the County, through the Fresno County Library (Library), to lease space located ...
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