TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for the Fourth Amendment to Lease No. 27103 with LALB Harbor, LLC, for warehouse space at 1400 Canal Avenue, for the continued operation of the Long Beach Police Department’s crime lab and property detail, to extend the term of the Lease through April 30, 2021. (District 1)
DISCUSSION
On January 19, 2016, the City Council authorized the execution of the Third Amendment to Lease No. 27103 with LALB Harbor, LLC (Lessor), for the continued operation of the Long Beach Police Department’s (LBPD) crime lab and property detail.
Since 2001, the LBPD has leased approximately 17,400 square feet (SF) of warehouse space at 1400 Canal Avenue (Leased Premises) from PCH Properties, a California general partnership, predecessor in interest to the Lessor, for its crime lab and property detail functions. The current lease expired on January 31, 2021, and is currently on a month-to-month holdover status. Staff from the LBPD and Economic Development Department have been reviewing both short- and long-term options for the crime lab and property detail. To accommodate the time needed to negotiate a new lease agreement, the Lessor has agreed to extend the current term of the Lease for a three-month period until April 30, 2021.
To facilitate the extension of the Lease term, a Fourth Amendment has been negotiated containing the following major terms and conditions:
· Lessor: LALB Harbor, LLC, a California limited liability company.
· Lessee: City of Long Beach, a municipal corporation.
· Leased Premises: Approximately 17,400 SF of industrial warehouse space on approximately 30,900 SF of land at 1400 Canal Avenue.
· Lease Term: Lease will be extended through April 30, 2021.
· Base Rent: Effective February 1, 2021, the base rent will be $1.09 per SF or $18,962 per month, which includes the amortization of real property taxes and insurance.
All remaining terms of Lease No. 271...
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