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80A - JOINT WORK CENTER MOU
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80A - JOINT WORK CENTER MOU
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Last modified
4/28/2022 11:33:23 AM
Creation date
5/2/2019 6:11:42 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
5/7/2019
Destruction Year
2024
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EXHIBIT 3 <br />A-2017.264 <br />Attachment: 5 <br />OFFICE LEASE <br />THIS OFFICE LEASE ("Lease") is made and entered into by and between CF SANTANA, LLC, a Delaware limited liability company <br />("LandI ord") and the Tenant described In Ilginj of the Basic Lease Provisions as ofthe Erlbeilve Date. <br />BASIC LEASE PROVISIONS <br />I. 'Tenant: <br />THE CITY OF SANTA ANA,a charter city and municipal corporation. <br />2. Description of Project; Building; <br />Promises; <br />2.1, Project: <br />As used herein, the "Project" means [hot certain commercial office building project, with all common <br />areas and appurtenant parking facilities, located at 801 West Civic Drive, Santa Ana, California, and <br />containing the Building, and any other building improvements located on Out parcel of real property on <br />which the Building is located, <br />2.2 Bidding: <br />As used herein, the "Building" means the commercial office building located at and commonly Imown <br />as 801 West Civic Drive, Santa Ana, California. <br />2.3 Rentable Area of Building: <br />124,166rentablcsquare feet ("RSF'") <br />2.4 Premises; <br />A portion of the second (2aa) floor of the Building known as Sulte 200, as depicted an Fxhjl it r" t" <br />attached hereto. <br />2.5 RertubloAroslal'Promises; <br />19,321RSF. <br />3. Term: <br />3.1 Target Delivery Date: <br />April 1, 2018. <br />3.2 Commencement Date; <br />The Delivery Date, <br />3.3 Initial Term: <br />Approximately sixty (60) months, commencing on the Commencement Dote and endingca the Inst day <br />of the calendar month in which the data that is sixty (60) mondls aRer the Commencement Data occurs. <br />3.4 Option to extend the Term: <br />Two (2) options to extend the Term for an Extension Term of sixty (60) months, in accordance with <br />Sectiotr3.2.2, below and Schedule I$ I" of Exhi it "J attached hereto. <br />C Base Rent: - <br />During the Initial Teti, Base Rent shall be payable at the following rates: <br />Months Monthly Base Rental Rate Base Rent <br />($/RSF/mo) (S/mo) <br />1-12 $2,2000 $42,506.20 <br />13-24 $2,2660 $43,781.39 <br />25—!16 $2.3340 $45,094.83 <br />37-49 $2.4040 $46,447.67 <br />47.60 $2A761 $47,841,10 <br />5. Additiolni Rent: <br />5.1 Toil aat'sPercentag aSbare: <br />15.561% <br />5,2 B118L Year: <br />2018 <br />6. Security Deposit: <br />None <br />7. Perillined Use: <br />General ollice use and other Imvfld Incidental uses, consistent with a First Onset, high-rin conn"crelal <br />office project, <br />R. Parking Number: <br />The whole number closest to the product or (a) the number of RSF cuniainuxl in the Premises and (b) <br />0,004 (Such that IL is agreed that the Parking Number with rospeci to ilia Initial Premises Is eighty-two <br />(82))• <br />9. Brokers: <br />Lee Fc Associates Realty Group Newport Beach, hi., mpreseming Tenanl, and .Ionca Long LaSalle <br />Brokerage, representing Landlord, <br />to. Address far Payments: <br />All payments payable to Lori under this f.ease shell be sent to the Filllowing address er to Such other <br />go Iv Clrle (Toler i7r—ClO gl'SnnrtrAnn Uwe •1- <br />
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