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HomeMy WebLinkAbout25A - LICENSE AGMT - GIFT SHOP AT DEPOT CITY COUNCIL MEETING DATE: ~ ~ REQUEST FOR COUNCIL ACTION CLERK OF COUNCIL USE ONLY: APRIL 17, 2006 TITLE: APPROVED FIRST RENEWAL OPTION TO LICENSE AGREEMENT WITH K. LEE GIFTS AT THE DEPOT o As Recommended o As Amended o Ordinance on 1 st Reading o Ordinance on 2nd Reading o Implementing Resolution o Set Public Hearing For ~ ~2. CITY MANAGER CONTINUED TO FILE NUMBER RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute a First Amendment to the License Agreement with K. Lee Gifts for a gift shop at The Depot at Santa Ana. DISCUSSION K. Lee Gift Shop has been located in the alcove on the southwest side of The Depot since July 1, 1998. In this location, K. Lee Gifts has provided a limited mix of merchandise for the travelers , visitors and tenants of The Depot. On November 15, 2004, the City Council approved a License Agreement with K. Lee Gifts for a two-year period beginning July 1, 2004, and ending July 30, 2006, with two 12-month renewal options. Staff is recommending exercising the first 12-month renewal option beginning July 1, 2006, and ending June 30, 2007. Under the first renewal option, the monthly compensation to the City will be $743.10 per month. This renewal option continues to contain provisions to ensure that the gift shop operation portrays a positive image for The Depot at Santa Ana. The only alternative is not to execute this amendment and terminate the license agreement with K. Lee Gifts for operations at The Depot. This alternative is not viable as it would result in the loss of revenues of $8,918.28 for FY 06-07, and create a void in services for our travelers, visitors and tenants. 25A-1 First Renewal Option to License Agreement with K. Lee Gifts at the Depot April 17, 2006 Page 2 FISCAL IMPACT Funds from the First Renewal Option will be deposited into The Depot at Santa Ana Rental - K. Lee revenue account (account no. 67-01-5493). APPROVED AS TO FUNDS AND ACCOUNTS: ~c-UJfJL '=\t\.~~ ~~.,. ~::>~~~ Francisco Gutierrez fkJ~ Executive Director ~ Finance & Management Services Agency Patricia C. Whitaker Executive Director Community Development Agency PCW/CKF/mlr H:\ACTIONS\2006 CC\lstRewalOpt to License Agreement K Lee 4-l7-06.doc 25A-2