HomeMy WebLinkAboutMINUTES - 06031986 - 1.97 I
TO: BOARD OF SUPERVISORS
FROM: Phil Batchelor, County Administrator Contra
40Costa
DATE: May 28, 1986 County
SUBJECT: Lease Agreement with City of San Ramon
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Approve and authorize Chairman to execute lease agreement with
the City of San Ramon relating to the Vista San Ramon Park to
allow for sublease of property by the City beyond the one year
term presently specified.
BACKGROUND
The City of San Ramon has requested that the lease agreement
between the County and the City needs to be amended inasmuch as
Section 3B does not allow the City to .sublease any of the
property covered for a term in excess of one year. The proposed
plan for financing improvements, however, make it necessary to
lease a portion of the land the Community Center will be located
on to the City of San Ramon Civic Improvement Corporation, a
non-profit public benefit corporation, for a term not exceeding
the term of the lease in the basic City/County Agreement.
Approval of the lease amendment will allow the City to secure the
most favorable financing for the Community Center and does not
conflict with County needs or concerns with respect to the
overall term of the lease. The City plans to fund the
approximate $2 million Community Center through the sale of
Certificates of Participation and Bond Counsel has advised of the
need for this amendment to facilitate the sale.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON UZZeQtZ Z 67 4 APPROVED AS RECOMMENDED X OTHER
P
VOTE OF SUPERVISORS
UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
CO` Administrator OF SUPERVISORS ON THE DATE SHOWN.
'
linity Development ATTESTED
Controller - -- -- — --,
Z San Ramon i PHIL ATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY DEPUTY