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<br />CITY COUNCIL MEETING DATE: <br /> <br />~ <br />~ <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />REQUEST FOR <br />COUNCIL ACTION <br /> <br />FEBRUARY 22, 2005 <br /> <br />TITLE: <br /> <br />APPROVED <br /> <br />LEASE AGREEMENT <br />WITH LENNAR HOMES <br /> <br />o As Recommended <br />o As Amended <br />o Ordinance on 1 st Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />~ <br /> <br />/ <br />(. / ~...., .j <br />/ . ~/ <br />X-hti-"- .. / / l ~~'-- <br />L- 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 <br />the Clerk of the Council to execute a Lease Agreement with Lennar Homes <br />for use of the 5th floor conference room at The Depot at Santa Ana. <br /> <br />DISCUSSION <br /> <br />Lennar Homes, the company that is engaged in the construction and sale of <br />the Santiago Street Lofts, approached The Depot management with a <br />proposal to rent the 5th floor conference room for use as a sales office. <br />The lease term would be for six months, then month-to-month up to one <br />year. This agreement is meant as a temporary accommodation until the <br />model homes and sales office are completed within the approved <br />development. Lennar has agreed to pay $2,100 per month and to upgrade <br />the conference room with new paint and carpet prior to occupation. <br /> <br />FISCAL IMPACT <br /> <br />The City will receive $25,200 for the one-year Lease Agreement. Funds <br />received will be deposited into The Depot at Santa Ana revenue account <br />for Conference Room Rental (account no. 067-615-5496). <br /> <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br />patricia C. Whitaker <br />Executive Director <br />Community Development Agency <br /> <br />. \, t....-- <br />'=\:.~~~t'\~A) ~_:> <br />Francisco Gutierrez <br />Executive Director 1ki <br />Finance & Management Services Agency <br /> <br />PCW/CKF/mlr <br />H:\ACTIONS\2005 CC\LeaseAgreeLennar 2-22-05 v2.doc <br /> <br />258-1 <br />