TITLE
Recommendation to authorize City Manager to execute all documents necessary for a Lease with Kiet Chi Hong, an individual, for approximately 800 square feet of rentable space at 1526 East 4th Street for the continuation of a children’s art education program for a three-year term at the initial monthly base rent of $850; and increase appropriations in the amount of $13,800 in the General Fund (GP) in the Department of Parks, Recreation and Marine (PR). (District 2)
DISCUSSION
On January 18, 2005, the City Council authorized the execution of Lease No. 29128 with Daryl and Kim Rouse (Landlord) for approximately 800 square feet of space (Site) at 1526 East 4th Street. The Site is adjacent to the Miracle on 4th Street mini-park and is used by the Department of Parks, Recreation and Marine (PRM) to provide an art education program for neighborhood children. Approximately 75 neighborhood children participate on a daily basis in the after-school programs at the Site.
The lease expired on December 31, 2005. The City has remained at the Site on a month-to-month tenancy while the Landlord contemplated plans for redevelopment or sale of the Site. On April 27, 2007, the Site was sold to Kiet Chi Hong. In an effort to continue the art education program in connection with the Miracle on 4th Street minipark, Mr. Hong has agreed to the following major terms and provisions of a proposed new lease:
· Lessor: Kiet Chi Hong.
· Lessee: The City of Long Beach.
· Leased Premises: Approximately 800 square feet of space located at the rear of the building at 1526 East 4th Street.
· Lease Term: Three-year term commencing June 1, 2007 and terminating May 31,2010.
· Base Rent: The monthly base rent shall be as follows:
June 1, 2007 $850
June 1,2008 $900
June 1,2009 $950
· Termination Option: Lessee shall have the right to terminate the lease upon 90days prior written notice to the Lessor.
· Utilities: Lessor shall be responsible for all utilities to, at or on the Leased Pr...
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