Laserfiche WebLink
Approve Lease Agreement with Senate Rules Committee, CA Legislature <br />April 4, 2023 <br />Page 2 <br />office space to Senate Rules Committee, California Legislature, lease revenue will be <br />generated for the SARTC day-to-day operation (Exhibit 1). <br />FISCAL IMPACT <br />Approval of the site lease agreement obligates Senate Rules Committee, California <br />Legislature, to compensate the City $300,082 for the term of the lease agreement for <br />lease of interior office space at the SARTC. <br />The four-year agreement term begins April 4, 2023, and ends February 28, 2027. The <br />total anticipated revenue from this agreement is as follows: <br />Fiscal Year <br />Accounting Unit <br />Fund <br />Accounting Unit, <br />Amount <br />_ Account # <br />Description <br />Account Description <br />2022-23 <br />Regional <br />Public Works-SARTC <br />06717002-53827 <br />Transportation <br />Operations, Rental -State <br />$18,482 <br />(April -June) <br />Center <br />(Umberg) <br />2023-24 <br />Regional <br />Public Works-SARTC <br />06717002-53827 <br />Transportation <br />Operations, Rental -State <br />$76,800 <br />Center <br />(Umberg) <br />Regional <br />Public Works-SARTC <br />2024-25 <br />06717002-53827 <br />Transportation <br />Operations, Rental -State <br />$76,800 <br />Center <br />(Umberg) <br />Regional <br />Public Works-SARTC <br />2025-26 <br />06717002-53827 <br />Transportation <br />Operations, Rental -State <br />$76,800 <br />Center <br />(Umberg) <br />Regional <br />Public Works-SARTC <br />2026-27 <br />06717002-53827 <br />Transportation <br />Operations, Rental -State <br />$51,200 <br />(July -Feb) <br />Center <br />(Umberg) <br />Total: <br />$300,082 <br />EXHIBIT(S) <br />1. Lease Agreement with Senate Rules Commitee, California Legislature <br />Submitted By: Nabil Saba, P.E., Executive Director— Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />City Council 20 — 2 4/4/2023 <br />