25H - AMEND AGMT W/ GREYHOUND - Laserfiche WebLink

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Approve Agreement Amendments with Greyhound Lines, Inc. December 1, 2020 Page 2 On August 16, 2016, the City Council approved site license and site lease agreements with Greyhound Lines, Inc. to license two bus bays and lease ticket counter office space at SARTC. Due to the current situation with the COVID-19 pandemic and the impacts it has had on their operations, Greyhound Lines, Inc. has requested a temporary rental fee reduction for the bus bays and office space (Exhibits 1-2). Additionally, Greyhound Lines, Inc. wishes to exercise the last renewal option on their lease agreement for office space to continue providing bus passenger services at SARTC (Exhibit 2). Greyhound has been a tenant at SARTC for over twenty years and has paid the monthly rent consistently. Currently, they are the only bus passenger service provider at SARTC. Staff recommends extending the term and amending the site license and site lease agreements to reduce the rental fee for a six-month period. The temporary rental rates are comparable to the rent being proposed by a new bus service provider interested in renting space at SARTC. FISCAL IMPACT The temporary rent reduction for the six-month period would reduce the following account: Fiscal Year Accounting Unit- Account # Fund Description Accounting Unit, Account Description Amount Regional PWA- SARTC 2020-2021 06717002-53810 Transportation Operations Rental — ($19,950) Center Greyhound Lines, Inc. Revenue Account Total: (19,950) Fiscal Impact Verified By: Kathryn Downs, CPA, Executive Director— Finance and Management Services Agency Submitted By: Nabil Saba, P.E., Executive Director— Public Works Agency Exhibits: 1. First Amendment to Site License Agreement with Greyhound Lines, Inc. 2. First Amendment to Lease Agreement with Greyhound Lines, Inc. 25H-2