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<br />. <br /> <br />;1-.) tIL'.J-. -,337 <br /> <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />and <br />INSURANCE NOT REQUIREO CITY OF SANTA ANA <br />WORK M~Y PROCEED <br />CLERK OF COUNCIL <br />DATE: I - I <i-a /, <br /> <br />Memorandum of Sublease of 150 Parking Spaces <br />in the Sycamore Parking Garage <br /> <br />The COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a <br />public body corporate and politic ("Agency"), and THE CITY OF SANTA ANA, a charter city <br />duly organized under the Constitution and laws of the State of California ("City") hereby <br />memorialize a sublease they have mutually entered into, as follows: <br /> <br />RECITALS: <br /> <br />WHEREAS, the Agency and Sycamore Parking Concepts ("Sycamore") are parties to that <br />certain Private Disposition and Development Agreement dated on or about December 16, 2002, <br />which is recorded as Document No. 2003000063398 with the Recorder of the County of Orange <br />(hereafter "the DDA"); and <br /> <br />WHEREAS, the Agency and Sycamore are also parties to a lease dated June 12,2003, <br />more particularly described in Exhibit A, attached hereto and incorporated herein by this <br />reference as through fully set forth (hereafter "the Lease"); and <br /> <br />WHEREAS, pursuant to the Lease Agency is the tenant of 150 spaces in the parking <br />garage located generally at the southwest comer of Sycamore and Tenth Streets in the City of <br />Santa Ana ("the parking garage"); and <br /> <br />WHEREAS, City Resolution No. 2002-110, adopted December 16, 2002, provides that: <br />"The City Manager is further authorized to negotiate and execute a Lease Agreement for the 150 <br />parking spaces in this parking garage from the Community Redevelopment Agency on a month <br />to month basis subject to approval as to form by the City Attorney"; and <br /> <br />WHEREAS, a final certificate of occupancy, permitting its use, was issued for the <br />parking garage in December 2004; and <br /> <br />WHEREAS, in December 2004 the City paid $40.00 per month for each parking space in <br />two other parking garages operated by the County of Orange located in the Civic Center of the <br />City (i.e., in the general vicinity ofthe parking garage); <br /> <br />NOW THEREFORE, it is agreed by and between the parties, that the foregoing Recitals <br />are a substantive part of this Memorandum of Sublease and that the following terms and <br />conditions are approved and together with the Recitals and all exhibits and attachments hereto, <br />shall constitute the entire Memorandum of Sublease between the Agency and City. <br /> <br />1 <br />