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Lease Agreement for Office Space at the Santa Ana Regional Transportation Center <br />April 21, 2026 <br />Page 2 <br />5 <br />6 <br />2 <br />5 <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Approval of the lease agreement obligates Aldridge Electric, Inc. to compensate the <br />City $165,780 for the term of the lease agreement including renewal options for lease of <br />interior office space at the SARTC. Approval of the appropriation adjustment will <br />recognize Fiscal Year 2025-26 lease income in the amount of $18,702 into the SARTC <br />Operations, Rental-Aldridge revenue account (No. 06717002-53826) and appropriate <br />the same amount to the SARTC Operations, Contractual Services expenditure account <br />(No. 06717650-62300). <br />Fiscal <br />Year <br />Accounting <br />Unit- <br />Account No. <br />(Project No.) <br />Fund <br />Description <br />Accounting Unit, <br />Account <br />Description <br />Amount <br />Appropriation Adjustment, Initial Term FY 2025-26 <br />2025-26 <br />(Apr-Jun) <br />06717650- <br />62300 <br />Regional <br />Transportation <br />Center <br />PWA-SARTC <br />Operations, Rental- <br />Aldridge Electric <br />$18,702 <br />Remaining Initial Term FY 2026-27 <br />2026-27 <br />(Jul-Dec) <br />06717650- <br />62300 <br />Regional <br />Transportation <br />Center <br />PWA-SARTC <br />Operations, Contract <br />Services- <br />Professional <br />$48,066 <br />Optional Twelve, One-Month Extensions <br />2026-27 <br />(Jan-Jun) <br />06717650- <br />62300 <br />Regional <br />Transportation <br />Center <br />PWA-SARTC <br />Operations, Contract <br />Services- <br />Professional <br />$49,506 <br />2027-28 <br />(Jul-Dec) <br />06717650- <br />62300 <br />Regional <br />Transportation <br />Center <br />PWA-SARTC <br />Operations, Contract <br />Services- <br />Professional <br />$49,506 <br />TOTAL:$165,780 <br />  <br />  <br />City Council 13 – 2 4/21/2026