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Approve Lease Agreement with Senate Rules Committee, CA Legislature <br />April 4, 2023 <br />Page 2 <br />3 <br />3 <br />5 <br />8 <br />office space to Senate Rules Committee, California Legislature, lease revenue will be <br />generated for the SARTC day-to-day operation (Exhibit 1). <br />FISCAL IMPACT <br />Approval of the site lease agreement obligates Senate Rules Committee, California <br />Legislature, to compensate the City $300,082 for the term of the lease agreement for <br />lease of interior office space at the SARTC. <br />The four-year agreement term begins April 4, 2023, and ends February 28, 2027. The <br />total anticipated revenue from this agreement is as follows: <br />Fiscal Year Accounting Unit <br />- Account # <br />Fund <br />Description <br />Accounting Unit, <br />Account Description Amount <br />2022-23 <br />(April-June)06717002-53827 <br />Regional <br />Transportation <br />Center <br />Public Works-SARTC <br />Operations, Rental-State <br />(Umberg) <br />$18,482 <br />2023-24 06717002-53827 <br />Regional <br />Transportation <br />Center <br />Public Works-SARTC <br />Operations, Rental-State <br />(Umberg) <br />$76,800 <br />2024-25 06717002-53827 <br />Regional <br />Transportation <br />Center <br />Public Works-SARTC <br />Operations, Rental-State <br />(Umberg) <br />$76,800 <br />2025-26 06717002-53827 <br />Regional <br />Transportation <br />Center <br />Public Works-SARTC <br />Operations, Rental-State <br />(Umberg) <br />$76,800 <br />2026-27 <br />(July-Feb)06717002-53827 <br />Regional <br />Transportation <br />Center <br />Public Works-SARTC <br />Operations, Rental-State <br />(Umberg) <br />$51,200 <br />Total:$300,082 <br />EXHIBIT(S) <br />1. Lease Agreement with Senate Rules Commitee, California Legislature <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Kristine Ridge, City Manager