TITLE
Recommendation to authorize City Manager to execute the Second Amendment to Sublease to Lease No. 25165 with the State of California Employment Development Department extending the Sublease term through January 31, 2008 with a monthly base rent of $10,620, for office space at the Career Transition Center at 3447 Atlantic Avenue.
(District 7)
DISCUSSION
On June 3, 1997, the City Council approved Lease No. 25165 (Lease) for approximately
14,222 square feet of office space at 3447 Atlantic Avenue for use as the Career
Transition Center (CTC). The Lease has been amended to increase the lease area to
35,701 square feet. The CTC houses programs, operated by the City of Long Beach,
composed of 16 various public and private organizations that assist approximately
2,500 job seekers monthly with free job training and employment placement services.
On December 1, 2001, the City Council approved a sublease to Lease No. 25165 with
the State of California Employment Development Department (EDD) for approximately
5,450 square feet of office space. As part of the “one-stop” concept of comprehensive
employment services, the EDD provides services in cooperation with the City and the
other organizations occupying the CTC. On March 9, 2004, the City Council approved
the First Amendment to the sublease increasing the subleased area to 5,802 square
feet and adjusting the rent. The sublease will terminate on August 31, 2006.
EDD wishes to continue its operations at the CTC beyond the termination date. The
proposed Second Amendment to Sublease to Lease No. 25165 contains the following
major terms and conditions:
Sublease Term: The term of the sublease shall be extended through January 31,
2008 and shall be co-terminus with the Master Lease.
Premises: The subleased premises will decrease from 5,802 square feet to 5,772
square feet.
Rent: The monthly base rent shall be $10,620.48, or $1.84 per square foot, and
shall mirror the terms of the Master Lease.
Other Shared Costs:...
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