REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
March 1, 2022
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
JOSHUA DUGAS, Director, Department of Public Health
SUBJECT
Title
Amendment to Lease Agreement with Luxor Properties LLC, a California limited liability company, for Office Space for the Department of Public Health in San Bernardino
End
RECOMMENDATION(S)
Recommendation
Approve Amendment No. 3 to Lease Agreement No. 12-831 with Luxor Properties LLC, a California limited liability company, to reflect a change of property ownership from 71-81 Cowan Building, LP to Luxor Properties LLC, extend the term of the lease by five years, which currently expires on December 31, 2025, by concurrently exercising the existing three-year extension option and the two-year extension option, for the period of January 1, 2026 through December 31, 2030, adjust the rental rate schedule, and update standard lease agreement language for 12,888 square feet of office space located at 1505 South "D" Street for the Department of Public Health in San Bernardino in the amount of $1,630,812.
(Presenter: Terry W. Thompson, Director, 387-5000)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Provide for the Safety, Health and Social Service Needs of County Residents.
FINANCIAL IMPACT
Approval of this item will not require the use of Discretionary General Funding (Net County Cost). The total net cost of this amendment is $1,630,812, which consists of a total reduction of $55,284 for a portion of the existing term from January 1, 2023 through December 31, 2025, and an additional $1,686,096 for the extended term from January 1, 2026 through December 31, 2030. Payments will be paid from the Real Estate Services Department (RESD) Rents budget (7810001000) and reimbursed from the Department of Public Health (DPH) budget (930009...
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