TITLE
Recommendation to authorize City Manager to execute all documents and amendments necessary for a lease between the Redevelopment Agency of the City of Long Beach and the City of Long Beach for the use of 5643 Atlantic Avenue to house the Pacific Gateway Workforce Investment Network Youth Academy Project at an annual rental rate of $1.00 for a term of one year with two optional one-year extensions. (District 8)
DISCUSSION
One of the priorities of the North Long Beach Redevelopment Plan is to support the revitalization of commercial sites and to improve commercial corridors. To promote this objective, the Redevelopment Agency of the City of Long Beach (Agency) proposes to lease a vacant Agency-owned commercial property located at 5643 Atlantic Avenue (Site) (Exhibit A - Site Map) in the North Long Beach Redevelopment Project Area to the City of Long Beach (City). The City requires the space to support a new Digital/Media/Information Youth Academy (Academy). The Site was acquired in 2005 and has been vacant for over two years.
As part of the City's Department of Community Development, the Pacific Gateway Workforce Investment Network (Network) coordinates and oversees services supporting the workforce needs of the residents and businesses it serves. Managed by the Network, the new Academy will provide structured skill building and teach general and workforce technology skills to older youth, ages 14-24, from the cities of Long Beach and Signal Hill.
The proposed lease between the Agency and the City, as identified above, contains the following provisions:
· Premises: The leased premises shall comprise approximately 1,605 rentable square feet of commercial space at 5643 Atlantic Avenue.
· Use: General office/classroom use.
· Length of Term/Options to Extend: The term shall be for one year. This initial term may be extended for two additional one-year terms at the option of the Agency.
· Rent: The annual rent shall be $1.00 per year in consideration for...
Click here for full text