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HomeMy WebLinkAboutMINUTES - 12142004 - C.140 TO: BOARD OF SUPERVISORSOCOUNTY CONTRA FROM: BARTON J. GILBERT, DIRECTOR OF GENERAL. SERVICESCOSTA DATE: DECEMBER 14, 2404 SUBJECT: SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT FOR THE PREMISES AT 171 SAND CREEK ROAD, BRENTWOOD FOR THE HEALTH SERVICES SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION, RECOMMENDATION 1. APPROVE a Subordination, Non-disturbance and Attomment Agreement with Archon Financial, L.P., a Delaware limited partnership, for the premises at 171 Sand Creek Road, Building 4, Unit A, Brentwood. 2. AUTHORIZE the Director of General Services, or designee, to EXECUTE the Subordination, Nan-disturbance and Attornment Agreement. FINANCIAL IMPACT There is no financial impact to the County. BACKGROUND The County has leased 171 Sand Creek Road, Building 4, Unit A, Brentwood since October 5, 2004. The lease expires January 31, 2015. The owners of the premises are obtaining a permanent loan for the Sand Creep Business Center and the lease requires the County to execute the Subordination, Non-disturbance and Attomment Agreement. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR �RECOMMENDATION OF BOARD COMMITTEE _ APPROVE OTHER SIGNATURE(S): ACTION OF BOAR O � �t4 ¢I � f APPROVED AS RECOMMENDED� OTHER g VOTE OF SUPERVISORS UNANIMOUS(A NT ) AYES: NOES: ABSENTS: ABSTAIN: MEDIA CONTACT.'BARTON J.GILBERT(313-7100) Originating Dept.:General Services Department I HEREBY CERTIFY THAT THIS IS A TRUE cc: General Services Department AND CORRECT COPY OF AN ACTION TAKEN Lease Management Division AND ENTERED ON THE MINUTES OF THE BOARD Auditor-Controller(via UM) OF SUPERVISORS ON THE DATE SHOWN, Risk Management(via UM) r' ; Health Services Department(via UM) ATTESTED d Sand Creek Business Center 11,L.P. (via UM) JOHN SWEETEN,CLERK OF TH ARD OF SUPERVISORS n AND COUNTY ADMINISTRATOR s' BYr sy is` DEPUTY i:\LeaseMgt\Board Orders\2004-12-14\771 Sand Creek Bd Order Subord Agrmt.doc CGB Page 1 of 11 M882(10188)