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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 />FEBRUARY 21, 2006 <br /> <br />TITLE: <br /> <br />APPROVED <br /> <br />LEASE AGREEMENT WITH <br />GREYHOUND LINES, INC. <br /> <br />o As Recommended <br />o As Amended <br />o Ordinance on 151 Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />r1d7a- <br /> <br />CITY MANAGER <br /> <br />CONTINUED TO <br /> <br />----" <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 Lease Agreement with Greyhound Lines, <br />Inc. for bus bays and office space at The Depot at Santa Ana. <br /> <br />DISCUSSION <br /> <br />In 1985, Greyhound Lines, Inc. and The City of Santa Ana entered into an <br />agreement for bus bays and office space at The Depot at Santa Ana. In <br />order to continue this relationship, Greyhound Lines, Inc. has requested a <br />new 5-year lease agreement with options to extend at the sole discretion <br />of the City. <br /> <br />The lease agreement would be for Suite 105 plus bus bays 4, 5, and 6. The <br />total office space leased by Greyhound Lines, Inc. will be 1,180 square <br />feet. The starting monthly compensation rate for the lease agreement will <br />be sixty-four hundred dollars ($6,400) a month with automatic annual <br />adjustments, which will be due and payable the second and fourth years. <br /> <br />The continued lease agreement with Greyhound Lines, Inc. at The Depot will <br />result in revenues of at least $76,800 annually and will ensure continued <br />Greyhound Lines, Inc. bus services at The Depot at Santa Ana. <br /> <br />25F-1 <br />