TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for an extension to Lease No. 26572 between
Craig A. MacPherson and Stuart S. MacPherson and the Housing Authority of the City of Long Beach, for 12 parking spaces at 523 East Fourth Street, for continued occupancy by the Housing Authority. (Citywide)
DISCUSSION
On August 10, 1999, the Housing Authority Commission authorized the execution of Lease No. 26572 (Lease) between Craig A. MacPherson and Stuart S. MacPherson (collectively, Landlord), and the Housing Authority of the City of Long Beach (Tenant) for 12 parking spaces at 523 East 4th Street (Premises), for use by Housing Authority staff. The Housing Authority has extended the lease for its current building at 421 East 4th Street until September 30, 2020. Therefore, it is imperative that the Housing Authority extend the lease for parking spaces at 523 East 4th Street for the same amount of time. The current lease expired on March 31, 2020. The proposed amendment is a month-to-month extension not to surpass September 30, 2020. There will be no change to the current rate.
· Landlord: Craig A. MacPherson and Stuart S. MacPherson.
· Tenant: Housing Authority of the City of Long Beach, a municipal corporation.
· Lease Amount: $933.00 per-month ($77.79 per parking space), no change to current rate.
· Option to Terminate: Landlord and Tenant have the option to terminate on a month-to-month basis.
· Maintenance: Not included.
· Leased Premises: The leased premises consist of 12 parking spaces, which are part of an approximate 5,000 square foot parking lot at 523 East 4th Street.
· Term: Not to exceed six months. Month-to-month Lease, previous lease expired March 31, 2020.
All remaining terms and provisions of Lease No. 26572 will remain in effect.
This matter was reviewed by Deputy City Attorney Richard F. Anthony on April 21, 2020 and by Revenue Management Officer Geraldine Alejo on April 23, 2020.
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