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<br /> <br />Placed on first reading at the September 3, 2019 City Council meeting and approved by a <br />vote of 5-0 (Villegas absent). <br /> <br />Published in the Orange County Reporter on September 6, 2019. <br /> <br />RECOMMENDED ACTION: Place ordinance on second reading and adopt. <br /> <br /> <br />MISCELLANEOUS ADMINISTRATION <br /> <br />19A. CONFIRMATION OF CLOSED SESSION ACTION(S) – City Attorney’s Office <br /> <br /> <br />19B. EXCUSED ABSENCES – Clerk of the Council Office <br /> <br /> <br />BUDGETARY MATTERS <br /> <br /> <br />APPROPRIATION ADJUSTMENTS <br /> <br />20A. APPROVE A LEASE AGREEMENT WITH ALDRIDGE ELECTRIC, INC., FOR <br />STORAGE SPACE AT THE CORPORATE YARD LOCATED AT 220 S. DAISY <br />STREET TOTAL POTENTIAL REVENUE: $72,432 {STRATEGIC PLAN NO. 3, 2C} <br />– Public Works Agency <br /> <br /> RECOMMENDED ACTION: <br /> <br />1. Authorize the City Manager to execute a site lease agreement with Aldridge <br />Electric, Inc., to compensate the City $2,500 per month, with any partial month <br />prorated at $82 per day, for the lease of 1,100 square feet of interior storage <br />space and 7,000 square feet of exterior storage space located at the Corporate <br />Yard, for a term beginning on September 18, 2019, and ending February 19, 2021, <br />with an option for twelve one-month extensions, for a total of $72,432 in lease <br />revenue for the entire term of the agreement, including optional extensions, <br />subject to non-substantive changes approved by the City Manager and City <br />Attorney (Agreement No. A-2019-XXX). <br /> <br />2. Approve an appropriation adjustment. (Requires five affirmative votes). <br /> <br />APPROPRIATION ADJUSTMENT NO. 2020 – 026 - Recognizing Fiscal Year 2019- <br />20 lease income in the amount of $23,568 into the Corporate Yard Operations Rental- <br />Aldridge Electric revenue account and appropriating the same amount to the Corporate <br />Yard Contract Services-Professional expenditure account. <br /> <br /> <br />CITY COUNCIL AGENDA 5 SEPTEMBER 17, 2019 <br /> <br /> <br />