REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
October 27, 2020
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
SUBJECT
Title
Amendment No. 1 to Revenue Lease Agreement with American Beef Packers, Inc. for a County-owned Dairy Property in Ontario
End
RECOMMENDATION(S)
Recommendation
Approve Amendment No. 1 to revenue Lease Agreement No. 15-720 with American Beef Packers, Inc., to extend the term of the lease five years for the period of November 1, 2020 through October 31, 2025, adjust the rental rate, increase the security deposit appropriately and update standard lease agreement language for the continued use of approximately 34.77 acres of County-owned dairy property and certain improvements at 7777 Schaefer Avenue and 7849 Schaefer Avenue in Ontario for total revenue in the amount of $414,000 (Four votes required).
(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 result in the use of Discretionary General Funding (Net County Cost). The total revenue to be received during this five-year amendment is $414,000. Revenue received from this lease will be deposited in the special income fund (7801202734) for properties acquired under the provisions of the California Wildlife, Coastal and Parkland Conservation Act of 1988 (Proposition 70). Annual revenue of $82,800 will not increase over the five-year term. Annual revenue is as follows:
Year
Annual Revenue
November 1, 2020 - September 31, 2021
$ 82,800
November 1, 2021 - September 31, 2022
$ 82,800
November 1, 2022 - September 31, 2023
$ 82,800
November 1, 2023 - September 31, 2024
$ 82,800
November 1, 2024 - September 31, 2025
$ 82,800
Total Revenue
$414,000
BACKGROUND INFORMATION
The recommended action will amend an existing revenue lease with Ameri...
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