HomeMy WebLinkAbout25B - LEASE AGREEMENT
CITY COUNCIL MEETING DATE:
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CLERK OF COUNCIL USE ONLY:
REQUEST FOR
COUNCIL ACTION
FEBRUARY 22, 2005
TITLE:
APPROVED
LEASE AGREEMENT
WITH LENNAR HOMES
o As Recommended
o As Amended
o Ordinance on 1 st Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
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L- CITY MANAGER
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Direct the City Attorney to prepare and authorize the City Manager and
the Clerk of the Council to execute a Lease Agreement with Lennar Homes
for use of the 5th floor conference room at The Depot at Santa Ana.
DISCUSSION
Lennar Homes, the company that is engaged in the construction and sale of
the Santiago Street Lofts, approached The Depot management with a
proposal to rent the 5th floor conference room for use as a sales office.
The lease term would be for six months, then month-to-month up to one
year. This agreement is meant as a temporary accommodation until the
model homes and sales office are completed within the approved
development. Lennar has agreed to pay $2,100 per month and to upgrade
the conference room with new paint and carpet prior to occupation.
FISCAL IMPACT
The City will receive $25,200 for the one-year Lease Agreement. Funds
received will be deposited into The Depot at Santa Ana revenue account
for Conference Room Rental (account no. 067-615-5496).
APPROVED AS TO FUNDS AND ACCOUNTS:
patricia C. Whitaker
Executive Director
Community Development Agency
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Francisco Gutierrez
Executive Director 1ki
Finance & Management Services Agency
PCW/CKF/mlr
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