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HomeMy WebLinkAboutRS01-Economic Development Agency o o o DOELOPMENT DEPART~T OF THE CITY OF SAN BERNARDiN<r- . ECONOMIC DEVELOPMENT AGENCY REOUEST FOR COMMISSION/COIINCIL ACTION From: KENNE1H J. HENDERSON Executive Director Subject: OFFICE LEASE: PUBLIC ENTERPRISE CENTER - THE COMMUNITY DEVEL. OPMENT CORPORATION Date: June 2,1994 Svnonllb. of Prl!vioulI Commi...inn/CnundI/CnmmittH! Ar.:tinn(II). None. Recommended Motionls): 'Communit... Df!vf!lqpment Cnmmi!lllinn) MOTION: That the Community Development Commission authorize the Executive Director to draft and execute a lease and all other necessary documents with The Community Development COlporation, for the utilization of approximately 1,s01 square feet of office space in the Public EnteIprise Center. Ai2tor ... KENNETHJ. ENDERSON Executive Director Contact Person(s): K....neth J. H"nilersonJ]oe Garrett Project Area(s): North West Supporting Data Attached: Staff RqlOrt FUNDING REQUIREMENTS: Amount: $ nla Budget Authority: Phone: 5081 Ward(s): Sixth Source: nla n/a Cnmmillllinn/Cnllnf':il Not@lI: KJH:JPQ:peclee..:dle COMMISSION MEETING AGENDA Meeting Date: 06106/1994 Agenda Item Number: f. 5' / o o o DOELOPMENT DEPART~T OF THE CITY OF SAN BERNARDINO ECONOMIC DEVELOPMENT AGENCY STAFF REPORT OFFICE LEARE . PUBLIC RNTERPRISE CENTER 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 The Community Development Corporation, for approximately one-thousand, five- hundred, one (1,501) square feet in the Public Enterprise Center (see Exhibit "A"). BACKGROUND The Community Development Corporation is a nonilrofit organization with a twenty-two year history of servicing low-income residents of San Bemardino in the areas of job training, housing rehabilitation and solarization. T .RASE TERMS The proposed lease with The Community Development Corporation is for a month-to-month tenancy. As with other office tenants, the Agency will pay for all utilities and monthly service charges. The resulting full service gross lease rate is $750.50 per month (5091 per square foot). The rental rate will increase from 5091 to 6591 at three, six-month intervals of 591 each. All tenant improvements are to be paid by the tenant with prior approval of the Economic Development Agency. RECOMMENDATION Staff believes that we are fortunate to have the opportunity to lease space to The Community Development Corporation in this slow-moving office marltet. 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. KE~~!::U~:kNDERSON' Executive Director Development Department KJH:JPQ:pecle...:dle COMMISSION MEETING AGENDA Meeting Date: 06106/1994 Agenda Item Number: /7" .- I o 19 20 18 16a r-1-6-- 17 o o LIBRARY HIGHLAND 29 30 Patio Lobby o -- -- -- - ---- - -----,. I I I I I I I I I I I I I I I I I I I ~~~J 10 8 Patio 11 11b 1 2 3 4 5 ~ c:: ll! 'E w AVENUE PUBLIC ENTERPRISE CENTER 0 w 23 24 ;:) z 26 w ~ 22 25 2728 z ... a: irni ~. II: L AL I- 11/ DR C/J 21 I - ::~J DINING w 3: STORAGE ... - ROOM .lLI o NORTH ~ Exhi b'lt ,1 I) A 13 7 6 , I I I ---... /5-)