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<br />CITY COUNCIL MEETING DATE: <br /> <br />~ <br />~ <br /> <br />REQUEST FOR <br />COUNCIL ACTION <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />NOVEMBER 15, 2004 <br /> <br />TITLE: <br /> <br />APPROVED <br /> <br />LICENSE AGREEMENT WITH <br />K. LEE GIFTS <br /> <br />D As Recommended <br />D As Amended <br />D Ordinance on 1 st Reading <br />D Ordinance on 2nd Reading <br />D Implementing Resolution <br />D Set Public Hearing For <br /> <br />-/' <br /> <br />a/c;a~ <br /> <br />CITY MANAGER <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />Direct the City Attorney to prepare and authorize the City Manager and the <br />Clerk of the Council to execute a License Agreement with K. Lee Gifts for <br />a gift shop at The Depot at Santa Ana. <br /> <br />DISCUSSION <br /> <br />K. Lee Gift Shop has been located in the alcove area adjacent to the entry <br />doors serving the bus bays on the southwest side of The Depot since July <br />1, 1998. In this location, K. Lee Gifts has provided a limited <br />merchandise mix for the travelers, visitors, and tenants of The Depot. <br />The existing Lease Agreement expired on June 30, 2004. Therefore, staff <br />is recommending entering into a License Agreement with K. Lee for a term <br />of two years beginning July 1, 2004, and ending June 30, 2006, with two, <br />one-year extensions by mutual agreement. Under the new agreement, monthly <br />compensation to the City will be $576.81 per month for year one and $660 <br />per month for year two. <br /> <br />The only alternative is not to execute the License Agreement and terminate <br />gift shop operations at The Depot. This alternative would result in a <br />loss of revenues of $6,921.72 for FY 04-05 and $7,920 for FY 05-06. <br /> <br />25L-1 <br />