DATE: September 25, 2018
TO: Board of Supervisors
SUBMITTED BY: Lisa A. Smittcamp, District Attorney - Public Administrator
Robert W. Bash, Director of Internal Services/Chief Information Officer
SUBJECT: Lease/Option to Purchase Agreement for the Office of the District Attorney
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute a Lease Agreement, including an Option to Purchase, with River Park Properties III, a California limited partnership, for 73,210 square feet of office space and parking area located at 2100 Tulare Street, Fresno, CA (APN 468-251-10), for use by the Office of the District Attorney - Public Administrator for a Primary term of twenty years, with a one-time year ten option to purchase, effective the date the office of the District Attorney takes occupancy, lease cost not to exceed $17,065,251.00 for initial term of ten years; and
2. Authorize the Director of Internal Services/Chief Information Officer, or his designee, to execute, upon review and approval by County Counsel, Lease Commencement Notification, Estoppel and/or Subordination and Non-Disturbance Agreements regarding the recommended lease agreement, if County is requested by River Park Properties III, a California limited partnership, (Lessor) to sign such documents.
REPORT
Approval of the recommended actions will authorize the District Attorney - Public Administrator to lease the property at 2100 Tulare Street, Fresno, CA (the "Property") for ten years and provide and option to purchase this property at year ten. The Base Rent for ten years is $17,065,251.00. The option to purchase the Property for $15,000,000 may be exercised between the 114th and 120th full months of the Lease Term. The lease provides for a ten-year extension term after the initial ten-year period expires if the purchase option is not exercised prior to that.
ALTERNATIVE ACTION(S):
Your Board could direct the District Attorney - Public Administrator to pursue other facility optio...
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