REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
May 23, 2023
FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
BRAD GATES, Director, Workforce Development Department
SUBJECT
Title
Lease Amendment with Vanir Tower Building, Inc. for Office Space in San Bernardino
End
RECOMMENDATION(S)
Recommendation
Approve Amendment No. 3 to Lease Agreement No. 15-103 with Vanir Tower Building, Inc. to extend the lease by five years, for the period of June 1, 2023 through May 31, 2028, following a permitted holdover for the period of October 5, 2022 through May 31, 2023, and adjust the rental rate schedule for approximately 14,443 square feet of office space located at 290 N. D Street, Suite 600, in San Bernardino, in the amount of $1,988,897.
(Presenter: Terry W. Thompson, Director, 387-5000)
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 cost of this five-year amendment is $1,988,897. Lease payments will be made from the Real Estate Services Department (RESD) Rents budget (7810001000) and reimbursed from the Workforce Development Department (WDD) budget (5711012260). Other costs associated with this lease include electrical utility expense in excess of $0.16/square foot, which escalates 2% annually, and is paid from the WDD budget (5711012260). Sufficient appropriation is included in both the RESD Rents and WDD 2022-23 budgets and will be included in future recommended budgets. Annual lease costs are as follows:
Period
Lease Cost
October 5, 2022 - May 31, 2023
$ 230,717*
June 1, 2023 - May 31, 2024
$ 337,968
June 1, 2024 - May 31, 2025
$ 344,664
June 1, 2025 - May 31, 2026
$ 351,588
June 1, 2026 - May 31, 2027
$ 358,512
June 1, 2027 - May 31, 2028
$ 365,448
Total Cost
$1,988,...
Click here for full text