AgdaPkt 2010-08-23 - Laserfiche WebLink

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6.1 F The proposed modifications to the Lease and License are as follows: Page 2 Lease A reement RDA � Term Current Pro osed Monthly Rent $1.00 per month from Aprii 1, $1.00 per month effective October 1, 2010 to September 1, 2010; 2010 through May 31, 2011; thereafter$400 per month ($2.09 thereafter$330 per month ($1.73 per square foot). per square foot). Amendments to Only in writing and by mutual The Redevelopment Agency Board the Lease agreement between the Executive to authorize the Executive Director Director or designee and the or his/her designee to amend the Lessee. monthly rents, rent due dates, hours of operations, and CPI adjustments administrativel . License A reement Ci Term Current Pro osed Monthly Rent $81.72 per month effective $0.00 per month effective September 1, 2010. September 1, 2010 through May 31, 2011; thereafter$81.72 per month $0.06 er s uare foot . Amendments to Only in writing and by mutual The City Council to authorize the the License agreement between the City City Manager or his/her designee to Manager and #he Licensee. amend the monthly rents, rent due da#es, and CPl adjustments administrativel . ALTERNATIVES The Agency Board and City Council may choose not to modify the Lease and License agreements with Froyola LLC. FISCAL IMPACT The lease rent of$3,200 total ($40� per mon#h) owed by Froyola LLC to the Agency per the current agreement will be Iost between October 2010 through May 20'11. The license rent paid by Froyola LLC to the City will be reduced from $654 to $0 during the same period. , ` ,�� - Jeann' Young P ia J.Webb Rede lopment Pr � anager onomic Development Coordinator .s.c____- Ji as,AICP Peter Ingram nning, Housing& Economic City Manager an Executive Director, Development Director Redevelopment Agency