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Lease Agreement for Office Space at SARTC <br /> July 16, 2024 <br /> Page 2 <br /> Wong Engineering, Inc. in June 2022. PGH Wong Engineering, Inc. is now requesting to <br /> continue leasing the same space at SARTC for the duration of the OC Streetcar Project. <br /> Staff recommends continuing to lease Suite 220 consisting of approximately 3,284 <br /> square feet of office space at SARTC for a one-year term, with the option of 12 one- <br /> month extensions to PGH Wong Engineering, Inc. By leasing available office space to <br /> PGH Wong Engineering, Inc., lease revenue will be generated for the SARTC day-to <br /> day operations (Exhibit 1). <br /> ENVIRONMENTAL IMPACT <br /> There is no environmental impact associated with the action. <br /> FISCAL IMPACT <br /> Approval of the lease agreement obligates PGH Wong Engineering, Inc., to compensate <br /> the City $207,456 for the term of the lease agreement, including the option for twelve <br /> one-month extension options, for lease of interior office space at the SARTC. Revenue <br /> from this lease agreement has been budgeted in the Public Works Agency-SARTC <br /> Operations, Rental-PGH revenue account (06717002-53824). <br /> Fiscal Year Accounting Unit Fund Description Accounting Unit,Account Amount <br /> -Account# Description <br /> 2024-25 (July Regional Transp PWA-SARTC Operations, <br /> 17-June 30) 06717002-53824 Center Rental-PGH $99,136 <br /> 2025-26 (July 1- Regional Transp PWA-SARTC Operations, <br /> 16) 06717002-53824 Center Rental-PGH $4,592 <br /> Optional Extensions: <br /> 2025-26 (July Regional Transp PWA-SARTC Operations, <br /> 17-June 30) 06717002-53824 Center Rental-PGH $99,136 <br /> 2026-27 (July 1- Regional Transp PWA-SARTC Operations, <br /> 16) 06717002-53824 Center Rental-PGH $4,592 <br /> Total: $207,456 <br /> EXHIBIT(S) <br /> 1 . Lease Agreement with PGH Wong Engineering, Inc. <br /> Submitted By: Nabil Saba, P.E., Executive Director— Public Works Agency <br /> Approved By: Alvaro Nunez, Acting City Manager <br /> City Council 19 — 2 7/16/2024 <br />