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HomeMy WebLinkAbout25B - AGMT GRAND CENTRAL LEASEREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: DECEMBER 5, 2011 TITLE: AMENDMENT TO LEASE AGREEMENT WITH GRAND CENTRAL ?l `? CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 1s` Reading 0 Ordinance on 2rtl Reading ? Implementing Resolution ? Set Public Hearing For CONTINUED TO FILE NUMBER Authorize the City Manager and the Clerk of the Council to execute the attached third amendment to the lease agreement with California State University, Fullerton, subject to non- substantive changes approved by the City Manager and City Attorney. DISCUSSION In 1995, the Community Redevelopment Agency entered into an agreement with the California State University, Fullerton (CSUF) Foundation to operate its Graduate Visual Arts Program at the Grand Central building located at East Second Street and Broadway in the Artists Village. The building was completely renovated by the Agency for use by the University. On April 5, 2004, at a joint hearing, the Agency amended the lease agreement with CSUF extending the term for an additional 20 years and executed an agreement assigning the lease to the City. The Grand Central Art Center includes three art galleries, a live performance "black box" theater, a printmaking studio and a restaurant. There are also 27 student residential units with studio space for each resident use. Since opening in February 1999, the facility has been a tremendous asset to the City, the University, the Artists Village and the entire Downtown. Under the terms of the agreement and consistent with the intended use of the building, CSUF sublet space to a printmaking studio, Watermark Printmaking Workshop and Gallery. Watermark Printmaking Workshop and Gallery has occupied the tenant space since the opening of the Grand Central Arts Center. However, due to the decrease in demand-for this type of service, they have given CSUF a 90-day notice to terminate their sublease agreement. In recent years, the fine art print market has diminished substantially; and CSUF has indicated that to find a similar service to fill the space would prove to be difficult. Given the evolution of the arts, the University focused its efforts on attracting a business to fill the space that could collaborate with them in outreaching to the community in the areas of 25B-1 Amendment to Lease Agreement with CSUF December 5, 2011 Page 2 sustainability, architecture, culinary arts, and performing and visual arts. As a result, an amendment to the lease with CSUF is needed to refine the list of acceptable uses to reflect current technology and market conditions, particularly in the arts. CSUF has been negotiating with the Road Less Travelled to occupy the tenant space. The Road Less Travelled holds a similar vision to work as a collaborative partner with CSUF to better engage the community in the creative process. The Road Less Travelled focuses on eco-friendly products with an emphasis on sustainable lifestyles and is anticipated to be a welcomed addition in the Artists Village. A Road Less Travelled is consistent with the Urban Center Zone under the Transit Zoning Code and will further the City's goal of creating a vibrant downtown. By creating a more active storefront, it will enhance the viability and visual connection of the Grand Central building with the Second Street Mall. The City approves of the sublease to The Road Less Travelled as an authorized use pursuant to the terms of the lease as amended. Therefore, no separate formal action is required on the sublease. FISCAL IMPACT There is no fiscal impact associated with this action. ?--?-?J Nancy T. E ards Interim Exe ive Director Community Development Agency NTE/GPL/mr Exhibit: 1. Amendment 2. Map 25B-2 THIRD AMENDMENT TO LEASE AGREEMENT THIS THIRD AMENDMENT TO LEASE AGREEMENT, made and entered into this 5`h day of December, 201 1, by and between California State University, Fullerton Foundation, a California corporation (hereinafter "Tenant"), and the City of Santa Ana, a charter city and municipal corporation (hereinafter "Landlord"). RECITALS A. The Community Redevelopment Agency for the City of Santa Ana ("Agency") entered into a Lease Agreement with Tenant dated June 19, 2005, for Tenant to operate its Visual Arts Program. B. On April 5, 2004, the Agency assigned said Agreement to the City as ?.andlord. The parties desire to amend said Agreement to update the list of acceptable uses to reflect current technology and market conditions. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions hereinafter set forth, the parties agree as follows: 1. Section 7 of the Agreement, "Use", shall be amended to expand the list of acceptable uses to reflect current technology and market conditions, particulary in the arts. This can include, but is not limited to, eco-friendly sustainable uses, architecture, culinary arts, performing and visual arts, and retail combined with these uses. 2. All other terms and conditions included in said Agreement shall have the same force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment the date and year first above written. ATTEST: Maria D. Huizar Clerk of the Council APPROVED AS TO FORM: JOSEPH STRAKA Interim City Attorney By: Lisa Storck Assistant City Attorney LANDLORD -SANTA ANA Paul Walters Interim City Manager TENANT California State University, Fullerton By: Title: Tax ID# EXHIBIT 1 25B-3 25B-4 Z ?!q!4X3 ---- ??________? „ g J .. .. 4 ? C 4l Q T L ?? ^_ W V ?. >v Q R L ;A_?. W i 1 { ? s Y N N _ J - O _ ? C ? ' _- v.ev = . ¢ a, + - ` i ? O V ? l0 Y99 -? i1! ` ?? ? .J E Y R - x ? F?I i -?1? _ ? ?? _ I n ? -- 1 -III ? A -?? rl _ rr _ I II Y Y V - p `J .-' 6 ? ? . 4 .? ?; J r ? - l L J - ? _` . - ? [ 3I 1, _ ? r `?_ 4 - 4 r, ? .. ----?-J l JiF==I°=1==?1 1 ? 2??bit 2 ?a v a Y ?) ?6 C N 25B-6