HomeMy WebLinkAboutMINUTES - 02281989 - 1.73 TO: BOARD 1-073
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O RD OF SUPERVISORS g.
FROM: Phil Batchelor, County Administrator Contra
CWIQ
DATE'. February 28, 1989 Co �/
SUBJECT: AMENDMENT TO LEASE - 30 DOUGLAS DRIVE, MARTINEZ �� ��1
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
I. RECOM03NDATION
AUTHORIZE the Director of General Services to EXECUTE, on
behalf of the County, an Amendment to Lease with Vista Oaks
for the premises at 30 Douglas Drive, Martinez, under the
terms and conditions more particularly set forth in said
Amendment.
II. FINANCIAL IMPACT
None provided the County proceeds with current plans to
acquire the building on completion of the project.
III. REASONS FOR RECOMMENDATION/BACKGROUND
This amendment provides for the County to pay the Lessor, as
additional rent, an amount necessary to cover the market
interest costs in the event the County does not exercise its
option to acquire the premises and permanent financing becomes
necessary.
The lease is also amended to allow a shorter term for the
construction loan period and to waive the requirement for the
communications site easement recording prior to completion and
acceptance of the premises in order for the terms of the lease
to comply with the terms of the Construction Loan Agreement.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE IS : `J
ACTION OF BOARD ON APPROVED AS RECOMMENDED 1C OTHER _
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
X UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TARN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
cc: County Administrator
ATTESTED FEB 2 8 1989
County Auditor-Controller(via L/M) PHIL BATCHELOR, CLERK OF THE BOARD OF
Lessor(via L/M) I SUPERVISORS AND COUNTY ADMINISTRATOR
Data Processing(via L/M)
Bank of America(via L/M) �
B ,
M382/7-83 Y DEPUTY
Orig: General Services Dept. -L/M 30DLsAmd. 289
Buildings and Grounds(via L/M) PLD:dp