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Approve First Amendment with SERCO, Inc., for Parking Spaces at the Corporate Yard <br />September 17, 2019 <br />Page 2 <br />agreement with Serco, Inc., to lease 230 square feet of available office space. The lease <br />included one parking space. The City wishes to commemorate the utilization of an additional six <br />parking spaces and Serco, Inc., has agreed to a monthly rate of $50 for each space, which is <br />consistent with the monthly parking rate at the City -owned downtown parking structures. <br />Staff has evaluated the request and has identified available parking spaces within the vicinity of <br />the Corporate Yard -Stores Building. The City recommends entering into the first amendment to <br />the lease agreement with Serco, Inc., for the rental of six parking spaces. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #1 — Community Safety, Objective <br />#5 (provide high quality Police and Fire/Emergency Medical Services response within the City of <br />Santa Ana). <br />FISCAL IMPACT <br />Approval of the site lease agreement amendment obligates Serco, Inc., to compensate the City <br />$3,600 annually for the lease of six parking spaces at the Corporate Yard. The one-year <br />agreement term begins September 18, 2019, and ends June 30, 2020. There is also an option <br />for three one-year extensions. <br />The requested Appropriation Adjustment will recognize Fiscal Year 2019-20 lease income of <br />$2,856 into the Corporate Yard Operations Rental-Serco revenue account (No. 08517002-53739) <br />and appropriate the same amount to the Corporate Yard Contract Services -Professional <br />expenditure account (No. 08517138-62300). <br />The total anticipated revenue and expenditures from this amendment is as follows: <br />Fiscal Year <br />Accounting Unit - <br />Account No. <br />Fund <br />Accounting Unit, Account <br />Amount <br />(Project No.) <br />Description <br />No. Description <br />REVENUE <br />08517002- <br />City Yard <br />City Yard Operations, <br />FY 2019-20 <br />53739 <br />Operation <br />Rental-Serco <br />$2,856 <br />08517002- <br />City Yard <br />City Yard Operations, <br />FY 2020-21 <br />53739 <br />Operation <br />Rental-Serco <br />$3,600 <br />08517002- <br />City Yard <br />City Yard Operations, <br />FY 2021-22 <br />53739 <br />Operation <br />Rental-Serco <br />$3,600 <br />20C-2 <br />