...Title
Actions Related to Lease Renewals for Office Space with 4th Street San José Partners, La Familia and the Huang Family Trust.
...Recommendations
Adopt a resolution authorizing the City Manager, or designee, to:
(a) Negotiate and execute an agreement, and all necessary documents, with 4th Street San José Partners, LLC, to extend an existing lease for the San José Police Department Gaming Control Unit’s continued use of approximately 3,320 square feet of office space located at 210 N. 4th Street, Suite 202 for five additional years at an estimated cost of $99,600 for the first year, $102,588 for the second year, $105,665.64 for the third year, $108,835.61 for the fourth year, and $112,100.68 for the fifth year, totaling $528,790 for the five-year term;
(b) Negotiate and execute an agreement, and all necessary documents, with La Familia, LP, to extend an existing lease for the San José Police Department Internal Affairs Unit’s continued use of approximately 4,110 square feet of office space located at 777 N. 1st Street, Suites 430 & 666 for five additional years at an estimated cost of $123,300 for the first year, $126,999 for the second year, $130,808.97 for the third year, $134,73.24 for the fourth year, and $138,775.24 for the fifth year, totaling $654,617 for the five-year term; and
(c) Negotiate and execute an agreement, and all necessary documents, with Wen Yuan Huang and Kai-Lee K.L. Huang, Trustees of the Huang Family Trust, dated August 28, 1984 as amended February 28, 2005 to extend and existing lease, with two additional five-year options with an annual increase rate of 3%, for the San José Police Department Family Violence Center’s continued use of approximately 8,041 square feet of office space located at 1671 The Alameda, Suite 100 for five additional years at an estimated cost of $241,230 for the first year, $248,466.90 for the second year, $255,920.91 for the third year, $263,598.53 for the fourth year, and $271,506.49 for the fifth year, totali...
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