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HomeMy WebLinkAboutRS02-Economic Development Agency o o o DOELOPMENT DEPART~T OF THE CITY OF SAN BERNARDINlr ECONOMIC DEVELOPMENT AGENCY REOllEST FOR COMMISSION/COllNCII. ACTION From: KENNE1H J. HENDERSON Executive Director Subject: OFFICE LEASE: 201 NORTH OlE" STREET, JAQUESS & ASSOCIATES Date: June 2,1994 Svn"D~d!ll 01 Previnml Cnmmill!llinn/CollnclI/Committee Aetion(lll): None. Recommended Motionls): (Communit, Development Commi!ll!llion) MOTION: That the Community Development Commission authorize the Executive Director to draft and execute a lease and all other necessary documents with John Jaquess and Ken Topping, a professional planning consultant rum, for the utilization of approximately 1,258 square feet of office space on the second floor of the 201 Building. &- Il;~~ "il KENNETH J. ENDERSON Executive Director Contact Person(s): K....neth J. H....i1ersonfloe Garrett Phone: 5081 Project Area(s): Central City Ward(s): One Supporting Data Attached: Staff RqlOrt FUNDING REQUIREMENTS: Amount: 3; n/a Source: nla Budget Authority: nla Cnmmillllinn/Councll Notefll: KJH:JPQ:201,e"...:dle COMMISSION MEETING AGENDA Meeting Date: 06/06/1994 Agenda Item Number: {S - ~ o o o DOELOPMENT DEPART~T OF THE CITY OF SAN BERNARDINO ECONOMIC DEVELOPMENT AGENCY STAFF REPORT -------------------------------------------------------------------------------------------------------------------- OFFICE I.EA~E . 201 NORTH "E" ~TREET This staff report seeks approval of a recommendation from staff to the Community Development Commission authorizing the Executive Director to draft and execute a lease and all other necessary documents with Mr. John Jaquess and Mr. Ken Topping, a professional planning finn, for approximately one-thousand, two-hundred, flfty-eight (1,258) square feet on the second floor of the 201 Building (see Exhibit "A"). BACKGROUND Mr. John Jaquess and Ken Topping are professional consultants and widely regarded as some of the top urban planners in their field. The existing corridor layout on the second floor does not allow for the access of multiple tenants in the existing Suite 201 space. Wrapping the proposed corridor around Suite 204 will allow increased flexibility for the building to successfully lease additional office space, including this lease proposal. T RASE TERMS The proposed lease is for a two-year tenancy with two, one-year options for renewal. As with other office tenants, the Agency will pay for all utilities and monthly service charges. The resulting full service gross lease rate, is $1,258 per month ($1.00 per square foot). The tenant improvements will consist of building standard walls, painting, lighting, air-conditioning and electrical at a cost of approximately $7,000 - $10,000. The tenant improvements costs for the corridor expansion will cost approximately $10,000 - $12,000. RECOMMENDATION Staff believes that we are fortunate to have the opportunity to lease space to this finn in this slow moving office lIllIIket. It is, therefore, the recommendation of staff that the Executive Director be authorized to draft and execute this lease. Based on the foregoing, staff recommends adoption of the fonn motion. {It KENNETH J. H NDERSON, Executive Director Development Department KJH:JPQ:201 ,oll"":dle COMMISSION MEETING AGENDA Meeting Date: 06106/1994 Agenda Item Number: L&j -:J.-. o II I Ii li I; ]; " !! ;; " I: ,! Ii I 'I I, .1 Ii I' II 11 11 I, ~ f :; -n i\ t..- -- - , ;.:! ;;i o,J', o "~ 1=1 o (!. a. - D{ V7 '" .... > - -. o .- -... :\, 1 ~ n_ --~~~.':.'~ ?l2.0"") I , , -,'. ~ ~ .!J .., ~ <!. If) \;\ [ ~ j" _m._ ___.J. ~:::.=-=-==c ,,=----- --.T I J '.~:,: . ~ l.- ~ ;1 ~ l ir ~.......,.----:t ::; ,r?.1 " ~ ~ ~ \l t: ~ 7:.70 ;&"!J:?::7 '~'..A..J..:':"a:t " u. ~ '" ill r ~ "-7":7-:-~.S~-~:-~;_~:~ioirl I I I ----- " ~' '11\ l- i J '2 '- 0.- ~ ~ o I :1 II; II II II ~ I' ~ II~ II II , , I -I , , I II .1 I' ,I I I , I ,I " /, Ii !I il /, ii " ---====c... ~:::".._..:-c_ _ ~L ,/ ;a..j,z. !. .l' "' ~ \' ~ ~: "'''( -\-... - .~ ~ L~- 2-