TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for a lease with Platinum Capital, Inc., a Delaware corporation, for office space at 500 West Willow Street. (District 7)
DISCUSSION
Since October 1997, the City of Long Beach (City), in partnership with various public and private organizations, has assisted approximately 300 job seekers each month with free job training and employment placement services. The Economic Development Department’s Workforce Development Bureau (Workforce Development) previously operated the Career Transition Center (CTC) and Youth Opportunity Center (YOC) at 3447 Atlantic Avenue. At its meeting on December 15, 2015
, the City Council authorized the execution of a Lease Agreement with 4811 Airport Plaza, LLC, for office space for the CTC; and Workforce Development has operated the America’s Job Center of California for training and employment placement services, now known as the WorkPlace, at 4811 Airport Plaza Drive since August 1, 2018.
The YOC has been operating temporarily at the WorkPlace while the Economic Development Department has searched for an adequate location for youth services. Office space at 500 West Willow Street has been identified as the most suitable option, as this location provides convenient access for youth clients and provides an appropriate location for a satellite facility for adult services (Attachment A).
The proposed modified gross Lease has been negotiated containing the following major terms and provisions:
· Landlord: Platinum Capital, Inc., a Delaware corporation.
· Tenant: City of Long Beach, a municipal corporation.
· Leased Premises: Approximately 7,472 square feet of office space at 500 West Willow Street.
· Use: General office space for youth and adult Workforce Development services.
· Term: Seven year term from the Rent Commencement Date, which is a...
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