Title
Resolution authorizing the City Manager to execute a First Amendment to the lease agreement for use of the Economic Advancement Center located at 366 Grand Avenue in South San Francisco.
Body
WHEREAS, on April 28, 2021, the City Council approved and authorized the City Manager to execute a Lease Agreement ("Lease") with the Stacey S. Dobos Trust ("Property Owner") to lease the commercial space at 366 Grand Avenue for purposes of opening the Economic Advancement Center; and
WHEREAS, the Economic Advancement Center opened on February 28, 2022, and now houses several economic mobility partners and resources, including JobTrain, Renaissance Entrepreneurship Center, Economic Development staff and the City Promotores Program; and
WHEREAS, the Lease is set to expire on October 31, 2024, as attached hereto and incorporated herein as Exhibit A and City has negotiated a First Amendment with the Property Owner, attached hereto and incorporated herein as Exhibit B; and
WHEREAS, the First Amendment would extend the term of the Lease to April 30, 2025, and amend the rent to be at a rate of $2.40 per square foot with a monthly janitorial credit of $500, as well as clarify the City's ability to sublease a portion or all of the space to other economic mobility partners.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco hereby takes the following actions:
1. The City Council finds that the foregoing recitals are true and correct and incorporated herein as part of this Resolution; and
2. Approves and authorizes the City Manager to execute the First Amendment to the Lease Agreement (Exhibit A) with the Stacey S. Dobos Trust in substantially the same form as Exhibit B, subject to approval as to form by the City Attorney; and
3. Authorizes the Finance Director to take all necessary budgetary actions to carry out the intent of this Resolution, which may straddle appropriations across multiple fiscal years; and
4. Authorizes the City M...
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