REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
August 9, 2022
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
JACQUELYN GREENE, Director, Preschool Services Department
SUBJECT
Title
Amendment to Lease Agreement with IV3 662-696 S Tippecanoe Ave, LLC for Office Space for the Preschool Services Department in San Bernardino
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RECOMMENDATION(S)
Recommendation
Approve Amendment No. 5 to Lease Agreement No. 06-1152 with IV3 662-696 S Tippecanoe Ave, LLC to reflect a change of property ownership from Tip Property Two, LLC to IV3 662-696 S Tippecanoe Ave, LLC, for the remaining term of the lease expiring December 31, 2024, and to update standard lease agreement language for approximately 18,000 square feet of office space at 662 South Tippecanoe Avenue in San Bernardino for the Preschool Services Department at no cost.
(Presenter: Terry W. Thompson, Director, 387-5000)
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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 additional Discretionary General Funding (Net County Cost). There is no cost to San Bernardino County (County) associated with this amendment to reflect the change of property ownership from Tip Property Two, LLC (Tip) to IV3 662-696 S Tippecanoe Ave, LLC (IV3) and to update standard lease agreement language.
BACKGROUND INFORMATION
The recommended action will amend an existing lease agreement to reflect a change of property ownership from Tip to IV3, and to update standard lease agreement language for approximately 18,000 square feet of office space located at 662 South Tippecanoe Avenue in San Bernardino to provide for the continuing administration of the Preschool Services Department.
On November 28, 2006 (Item No. 21), the Board of Supervisors (Board) approved a 10-year Lease Agreement No. 06-1152, with three, three-year ...
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