REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
February 11, 2020
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
LARRY AINSWORTH, Interim Chief Information Officer, Information Services Department
SUBJECT
Title
Amendment No. 1 to Revenue Lease Agreement with Summit Career College, Inc. for Office Space Acquired for the Information Services Department in Colton
End
RECOMMENDATION(S)
Recommendation
1. Approve Amendment No. 1 to Revenue Lease Agreement No. 18-921 with Summit Career College, Inc. to retroactively extend the term of the lease five months and three days, for the period of September 28, 2019 through February 29, 2020, adjust the rental rate for 32,695 square feet of occupied space, waive rent for 42,305 square feet of unoccupied space so long as it remains unoccupied, and revise the holdover rate for office space totaling 75,000 square feet, which was acquired for use by the Information Services Department at 851 South Cooley Drive in the City of Colton in the amount of $382,500.
2. Approve a one-time waiver of the holdover rent of $5,000 per day for the period September 28, 2019 through February 29, 2020.
(Presenter: Terry W. Thompson, Director, 387-5252)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not require additional Discretionary General Funding (Net County Cost) as it is a revenue lease agreement. The County will receive total revenue for the General Fund in the amount of $382,500 for this five-month, three-day amendment. Revenue for the term of Amendment No. 1 is as follows:
Period
Lease Revenue
September 28 - 30, 2019
$ 7,500
October, 2019
$ 75,000
November, 2019
$ 75,000
December, 2019
January, 2020
$ 75,000
$ 75,000
February, 2020
$ 75,000
Total
$382,500
Due to protracted, good-faith negotiations, total rent revenue ...
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