DATE: July 9, 2019
TO: Board of Supervisors
SUBMITTED BY: Lisa A. Smittcamp, District Attorney
Robert W. Bash, Director of Internal Services/Chief Information Officer
SUBJECT: Lease/Option to Purchase Agreement for the Office of the District Attorney and Budget Resolution for Rowell Building Tenant Improvements
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute a Lease Agreement, including an Option to Purchase, with River Park Properties II, a California limited partnership, for 70,495 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 for a lease term of twenty years, effective the date the Office of the District Attorney commences operations from the building or the substantial completion of improvements occurs (anticipated to be on or about March 1, 2020), lease cost not to exceed $17,341,770 for the first ten years of the Lease Term and with an option to purchase for $18,000,000 at the end of the 10th year of the lease term;
2. Authorize the Director of Internal Services/Chief Information Officer, or his designee, to execute, upon review and approval by County Counsel, Notice of Lease Term Dates, Memorandum of Lease, Estoppel and/or Subordination and Non-Disturbance Agreements regarding the recommended lease agreement, if County is requested by River Park Properties II, a California limited partnership, (Lessor) to sign such documents; and
3. Adopt Budget Resolution increasing FY 2019-20 appropriations for the District Attorney Building Org 8854 in the amount of $5,455,540 (4/5 vote).
REPORT
Approval of the recommended actions will authorize the District Attorney to lease the property at 2100 Tulare Street, Fresno, CA (the "Property") for twenty years and provide an option to purchase this property at the end of year ten of the lease term. The Base Rent for the first ten years of the Lease Term is $17,341,770. The notice of ...
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