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Santa Ana Regional Transportation Center – Lease Agreement <br />February 20, 2024 <br />Page 2 <br />4 <br />0 <br />4 <br />8 <br />OCTA is the lead agency for the OC Streetcar Project. OCTA selected Walsh <br />Construction as the Contractor for the project. SARTC quickly became a central hub for <br />contractors working on the Streetcar Project due to the close proximity to the project <br />site. RailWorks Track Services has been an active contractor of this project and has <br />been leasing office space at SARTC since April 2021. As the OC Streetcar project <br />continues, staff recommends continuing to lease Suite 103 consisting of 1,452 square <br />feet of office space at SARTC until June 30, 2024, with the option of 12 one-month <br />extensions. Staff seeks approval of the lease agreement, which will generate revenue <br />for SARTC’s day-to-day operations. Tenant has the ability to terminate with a 30-day <br />notice. <br />Meeting Date Display <br />FISCAL IMPACT <br />Approval of the site lease agreement obligates RailWorks Track Services, Inc. to <br />compensate the City $73,031 for the term of the lease agreement, including the option <br />for twelve one-month renewal options, for lease of interior office space at the SARTC. <br />Approval of the appropriation adjustment will recognize Fiscal Year 2023-24 lease <br />income in the amount of $20,759 into the SARTC Operations, Rental-RailWorks <br />revenue account (No. 06717002-53832) and appropriate the same amount to the <br />SARTC Operations, Contractual Services expenditure account (No. 06717650-62300). <br />Fiscal Year <br />Accounting <br />Unit - <br />Account # <br />Fund <br />Description <br />Accounting Unit, <br />Account <br />Description <br />Amount <br />Appropriation Adjustment <br />2023-24 <br />(Feb-June) <br />06717650- <br />62300 <br />Regional <br />Transportation <br />Center <br />Public Works- <br />SARTC Operations, <br />Contract Services- <br />Professional <br />$20,759 <br />Optional Renewal <br />2024-25 06717650- <br />62300 <br />Regional <br />Transportation <br />Center <br />Public Works- <br />SARTC Operations, <br />Contract Services- <br />Professional <br />$52,272 <br />TOTAL $73,031 <br />EXHIBIT(S) <br />1. Lease Agreement with RailWorks Track Services, Inc <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Tom Hatch, Interim City Manager