TITLE
Recommendation to authorize the execution of all documents necessary for a lease with Covenant Presbyterian Church, a California nonprofit corporation, for 20 parking spaces located northerly adjacent to 607 East Third Street for use as staff parking by the Housing Authority. (District 1)
DISCUSSION
Pursuant to Lease No. 26422 (Building Lease), the Housing Authority of the City of Long Beach currently leases approximately 13,662 rentable square feet of office space at 521 East Fourth Street for occupancy by the Housing Authority. In addition, the Building Lease provides use of an approximate 7,500 square foot parking lot located at 421 East Fourth Street for Housing Authority visitors and staff parking.
To meet its operational parking needs, the Housing Authority leases additional offsite parking spaces through multiple private entities. The majority of the offsite parking requirements were previously satisfied through Lease No. 27059 (Parking Lease) with East Village Partners, LLC (EVP), for the use of 35 spaces at the parking lot located at 434 East Fourth Street. This property was recently sold for development and EVP concurrently exercised its right to terminate the Parking Lease effective April 30, 2017.
In addition, the Housing Authority currently leases 12 additional spaces in a parking lot immediately adjacent to its building for staff. However, this agreement is on a month-to-month tenancy and it is anticipated that the Housing Authority’s use of these spaces will also terminate within the upcoming months.
To assist the Housing Authority with meeting its parking needs on an interim basis, a Lease has been negotiated containing the following major terms and provisions:
· Landlord: Covenant Presbyterian Church, a California nonprofit corporation.
· Tenant: Housing Authority of the City of Long Beach.
· Leased Premises: Approximately 20 parking spaces in the parking lot located northerly adjacent to 607 East Third Street and will be ...
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