...Title
Lease Renewal with Concourse Business Center, LLC.
...Recommendations
Adopt a resolution authorizing the City Manager or designee to negotiate and execute a First Amendment to the Standard Form Net Lease Agreement dated August 15, 2018 with Concourse Business Center, LLC to extend the lease term for an additional five years from October 1, 2023 to September 30, 2028 at a total base rental cost of approximately $1,493,354 and applicable triple net expenses, subject to annual budget appropriation, and increase the security deposit to $26,381.93 from the original $22,257.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. Council District 4. (Economic Development and Cultural Affairs)