TITLE
Recommendation to authorize City Manager to execute all documents necessary for a lease between the Redevelopment Agency of the City of Long Beach and the City of Long Beach and any amendments, at the discretion of the City Manager, for office space located at 5641 Atlantic Avenue, to provide office space for the City’s 8th Council District field office. (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 (Agency) proposes to lease an Agency-owned commercial property located at 5641 Atlantic Avenue (Site) (Exhibit A - Site Map) in the North Long Beach Redevelopment Project Area to the City of Long Beach (City) to house the 8th Council District field office (Tenant).
The Agency purchased the property in 2005 and exterior and interior improvements were completed in 2006. Since then, the space has been used to conduct A~ency business and also as a community meeting space for city residents in the 8th and 9 h Council Districts.
The Tenant has agreed to continued use by local community groups for community meetings on a mutually agreed schedule.
The proposed Lease between the Agency and the City, as identified above, contains the following provisions:
· Premises: The leased premises shall be composed of approximately 1,605 rentable square feet of commercial space at 5641 Atlantic Avenue.
· Use: General office and meeting use.
· Length of Term/Options to Extend: The term shall begin on October 1,2009 for one year. This initial term may be extended for two optional one-year terms at the option of the Agency.
· Rent: The annual rent shall be $1.00 per year in consideration for the Tenant cooperating with the community to provide for meeting and specified uses.
· Utilities and Services: The Agency shall pay for all utilities and services provided to the Premises, which total appr...
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