HomeMy WebLinkAboutNB1- Development Department D E V E L O P MEN T D E P A R T MEN T
OF THE CITY OF SAN BERNARDINO
REQUEST FOR COMMISSION/COUNCIL ACTIOft
From: KENNETH J. HENDERSON Subject: LEASE OF VACANT OFFICE
Executive Director SPACE TO THE SAN BERNARDINO
INTERNATIONAL AIRPORT
AUTHORITY
Date: March 8, 1993
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Synopsis of Previous Commission/Council/Committee Action(s):
The item was heard by the Redevelopment Comittee on February 18, 1993.
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Recommended Motion(s):
(Community Development Commission)
MOTION A: That the Community Development Commission take action
determining that the need to take action arose after the
posting of the Agenda.
MOTION B: That the Community Development Comission authorize the
Executive Director to enter into a lease between the
Redevelopment Agency and the San Bernardino International
Airport Authority for the lease of vacant office space
located on the second floor of 201 North "E" Street and
allocate approximately $15,800 for the necessary base
building and tenant improvements required by the
aforementioned lease agreement.
r vA 4A
Administrator KENNETH ND RSON
Executive Direc or
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Contact Person(s): Ken Henderson/James Sharp Phone: 5081
Project Area(s): Central City Ward(s) : 1
Supporting Data Attached: Staff Report
FUNDING REQUIREMENTS: Amount: $15,800 Source:
Budget Authority:
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Commission/Council Rotes:
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KJH:JWS:mkc:2938J COMMISSION MEETING AGENDA
Meeting Date: 3/08/1993�j
Agenda Item Number: �`�
D E V E L O P M E N T D E P A R T M E N T
OF THE CITY OF SAN BERNARDINO
STAFF REPORT
LEASE OF VACANT OFFICE SPACE TO THE
SAN BERNARDINO INTERNATIONAL AIRPORT AUTHORITY
For approximately one and one-half years, staff has been diligently
marketing all vacant space located within the office tower and the
adjacent "Thrifty" building located at 201 North "E" Street. Resulting
from these efforts is the following lease proposal between the
Redevelopment Agency and the San Bernardino International Airport
Authority (SBIAA) .
Staff has initiated negotiations for the location of the above
referenced tenant to vacant space located contiguous to Assemblyman
Baca's office space on the second floor of the 201 North "E" Street
building. The terms and conditions of said lease proposal are as
follows:
Tenant: San Bernardino International Airport Authority
Location: Vacant office space directly contiguous to and north
of Assemblyman Baca's existing office on the second floor.
Square Footage: Initial occupancy will be approximately 1,900
square feet of existing vacant office space.
Term: Two (2) years with a twelve (12) month guarantee and a 30
day cancellation clause after twelve (12) months.
Rent: Lessee shall pay $.90 per square foot modified gross per
month during the term of its lease.
Tenant Improvements: Landlord shall provide base building and
additional tenant improvements as required by Lessee. Said
improvements are estimated at approximately $15,800 for the
initial phase of occupancy.
Brokerage Commission: No brokerage commissions are required for
this transaction.
The approval of the terms and conditions of this lease is a catalyst to
the future relocation and expansion of the Inland Valley Development
Agency (IVDA) from the third floor of the office building to the second
floor. Negotiations are continuing with the IVDA for its relocation to
Assemblyman Baca's office on the second floor upon staff's completion
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KJH•JWS:mkc•2938J COMMISSION MEETING AGENDA
Meeting Date: 3/08/1993
Agenda Item Number: _
DEVELOPMENT DEPARTMENT STAFF REPORT
Lease of Vacant Office Space to SBIAA
March 8, 1993
Page Number -2-
of the future Assemblyman Baca suite at the corner of Second and "E"
Streets. It is staff's opinion that the approval of the SBIAA lease is
strategically important in creating an incentive for the IVDA to relocate
to the second floor as opposed to space off-site.
In conclusion, staff is recommending that the Community Development
Commission approve the basic terms and conditions of the lease between
the Redevelopment Agency and the San Bernardino International Airport
Authority. Staff is confident that its estimates for base building and
tenant improvements required by this lease shall not exceed the proposed
funding authorization in the amount of $15,800.
Staff recommends adoption of the form motion.
KENNE J. HENIERSON, Executive Director
Development Department
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KJH:JWS:mkc:2938J COMMISSION MEETING AGENDA
Meeting Date: 3/08/1993
Agenda Item Number: I�