HomeMy WebLinkAboutMINUTES - 07181989 - 1.49 1-049
TO BOARD OF SUPERVISORS
FROM: Phil Batchelor, County Administrator Cony
Costa
DATE: July 18 , 1989 COU*
SUBJECT: MODIFICATION OF LEASE FOR 40 DOUGLAS DRIVE, MARTINEZ
SPECIFIC REQUEST S) OR RECOMMENDATION(S) IN BACKGROUND AND JUSTIFICATION
I. RECOMMENDATION
AUTHORIZE the Director of General Services to EXECUTE, on
behalf of the County, a modification of an existing lease with
Vista Oaks, a California Limited Partnership, for the premises
at 40 Douglas Drive, Martinez, under the terms and conditions
more particularly set forth in said Modification of Lease.
II. FINANCIAL IMPACT
Rent payments required for fiscal year 1989-90 do not increase
under the terms of this modification and are budgeted in the
capital project. Future rents will increase beginning in
fiscal year 1990-91. However, the County has the option to
convert this agreement to a lease for a new building or to
purchase the premises before rent increases take place.
III. REASONS FOR RECOMMENDATION/BACKGROUND
The lease with Vista Oaks for the development and occupancy of
30 Douglas Drive, Martinez included the adjoining lot, 40
Douglas Drive, to ensure the land would be available for a
planned Social Service building project. That portion of the
lease pertaining to 40 Douglas Drive remains in effect
Although the County has purchased 30 Douglas for use by Data
Processing.
This modification of lease restates and clarifies those
provisions pertaining to 40 Douglas Drive as recommended by
County Counsel. It also amends the term and rent schedule in
order to provide security for a refinancing necessary for
lessor to hold the property while architectural planning is
completed for a building planned for County use. The County
retains the option to purchase the lot as provided in the
original lease.
CONTINUED ON ATTACHMENT: YES SIGNATURE: IS�
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE S :
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS (ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES; NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. .
cc: County AdministratorATTESTED JUL 18 1989
------.--.--
County Auditor-Controller(via L/M) PHIL BATCHELOR, CLERK OF THE BOARD OF
Lessor(via L/M) SUPERVISORS AND COUNTY ADMINISTRATOR
Social Service(via L/M)
M382/7-83 BY P` 2d:Zz�G�C1'.Gf>A DEPUTY
Orig: General Services Dept. -L/M 40DLsMod.BO
Buildings and Grounds (via L/M) PLD:dp