Item 38 - Lease Agreement for the Santa Ana WORK Center

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Lease Agreement for the Santa Ana WORK Center June 6, 2023 Page 3 3 4 8 9 with the City’s partners and approval of the FY 2023-24 City Budget, staff will return to City Council and request an appropriation adjustment to recognize anticipated revenue received from Partners’ share and appropriate funds for expenditures on any adjustments to City’s share. The City’s share of the lease payments will be included in future fiscal year budgets from all eligible grants funds that derive benefit from the lease of the office space, including WIOA and Vocational Training Activities and Work Experience funds from the County of Orange. The annual amount of the City’s share of the lease payment is estimated to be as follows: Fiscal Year City’s Share Partners’ Share Annual Amount 2023-24 $ 217,288.90 $ 327,563.30 $ 544,852.20 2024-25 $ 223,807.57 $ 337,390.20 $ 561,197.77 2025-26 $ 230,521.79 $ 347,511.91 $ 578,033.70 2026-27 $ 237,437.44 $ 357,937.27 $ 595,374.71 2027-28 $ 244,560.57 $ 368,675.38 $ 613,235.95 2028-29 $ 251,897.38 $ 379,735.65 $ 631,633.03 2029-30 $ 259,454.31 $ 391,127.72 $ 650,582.02 2030-31 $ 267,237.93 $ 402,861.55 $ 670,099.48 2031-32 $ 275,255.07 $ 414,947.39 $ 690,202.47 2032-33 $ 283,512.72 $ 427,395.82 $ 710,908.54 Totals $ 2,490,973.68 $ 3,755,146.18 $ 6,246,119.87 Fulfilling this long-term obligation requires receipt of a Grant Award allocation throughout the lease period (FY 2032-33). In the event the City is unsuccessful in obtaining a grant award, it will require alternate funding sources to meet the above- referenced lease obligation. EXHIBIT(S) 1. First Amendment Lease Agreement 2. EDD Sub Lease Boilerplate 3. SSA First Amendment Sub Lease Boilerplate a. SSA MOU 4. Sample MOU for on-site Partners Submitted By: Michael L. Garcia, Executive Director of Community Development Approved By: Kristine Ridge, City Manager