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File #: 21-2043    Version: 1
Type: Consent Agenda Status: Agenda Ready
File created: 9/7/2021 In control: City Council
On agenda: 9/21/2021 Final action:
Title: Hewlett Packard Ground Lease Termination.
Attachments: 1. Memorandum

...Title

Hewlett Packard Ground Lease Termination.

...Recommendations

(a) Adopt a resolution authorizing the City Manager or designee to negotiate and execute a Third Amendment to the Ground Lease of Parcel W-9 Agreement with Hewlett Packard Enterprise Company to terminate the agreement early, effective upon execution by the City with a payment to Hewlett Packard Enterprise Company of $1,500,000.

(b) Adopt the following 2021-2022 Appropriation Ordinance Amendments in the Airport Renewal and Replacement Fund:

 (1) Establish the Hewlett Packard Enterprise Lease Buyout appropriation to the Airport Department in the amount of $1,500,000; and

 (2) Decrease the Ending Fund Balance in the amount of $1,500,000.

CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment.  (Airport/City Manager)