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Lease Agreement for the Santa Ana WORK Center <br />June 6, 2023 <br />Page 3 <br />with the City's partners and approval of the FY 2023-24 City Budget, staff will return to <br />City Council and request an appropriation adjustment to recognize anticipated revenue <br />received from Partners' share and appropriate funds for expenditures on any <br />adjustments to City's share. <br />The City's share of the lease payments will be included in future fiscal year budgets <br />from all eligible grants funds that derive benefit from the lease of the office space, <br />including WIOA and Vocational Training Activities and Work Experience funds from the <br />County of Orange. The annual amount of the City's share of the lease payment is <br />estimated to be as follows: <br />Fiscal Year <br />City's <br />Share <br />Partners' Share <br />Annual Amount <br />2023-24 <br />$ <br />217,288.90 <br />$ <br />327,563.30 <br />$ <br />544,852.20 <br />2024-25 <br />$ <br />223,807.57 <br />$ <br />337,390.20 <br />$ <br />561,197.77 <br />2025-26 <br />$ <br />230,521.79 <br />$ <br />347,511.91 <br />$ <br />578,033.70 <br />2026-27 <br />$ <br />237,437.44 <br />$ <br />357,937.27 <br />$ <br />595,374.71 <br />2027-28 <br />$ <br />244,560.57 <br />$ <br />368,675.38 <br />$ <br />613,235.95 <br />2028-29 <br />$ <br />251,897.38 <br />$ <br />379,735.65 <br />$ <br />631,633.03 <br />2029-30 <br />$ <br />259,454.31 <br />$ <br />391,127.72 <br />$ <br />650,582.02 <br />2030-31 <br />$ <br />267,237.93 <br />$ <br />402,861.55 <br />$ <br />670,099.48 <br />2031-32 <br />$ <br />275,255.07 <br />$ <br />414,947.39 <br />$ <br />690,202.47 <br />2032-33 <br />$ <br />283,512.72 <br />$ <br />427,395.82 <br />$ <br />710,908.54 <br />Totals <br />$ <br />2,490,973.68 <br />$ <br />3,755,146.18 <br />$ <br />6,246,119.87 <br />Fulfilling this long-term obligation requires receipt of a Grant Award allocation <br />throughout the lease period (FY 2032-33). In the event the City is unsuccessful in <br />obtaining a grant award, it will require alternate funding sources to meet the above - <br />referenced lease obligation. <br />EXHIBIT(S) <br />1. First Amendment Lease Agreement <br />2. EDD Sub Lease Boilerplate <br />3. SSA First Amendment Sub Lease Boilerplate <br />a. SSA MOU <br />4. Sample MOU for on -site Partners <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Kristine Ridge, City Manager <br />City Council 38 — 3 6/6/2023 <br />