HomeMy WebLinkAboutMINUTES - 04062004 - C97 _.... ...._.... ......... ..._..._. _.. _
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TO: BOARD OF SUPERVISORS CONTRA
FROM: BARYON J. GILBERT, DIRECTOR OF GENERAL SERVICES i . ._
COSTA
DATE: APRIL 6, 2004 COUNTY
SUBJECT: REVENUE REASSIGNMENT AND ASSUMPTION OF SUBGROU'ND C,7&/
LEASE WITH DAY-O-ESPRESSO, A CALIFORNIA LIMITED
PARTNERSHIP FOR THE COUNTY-OWNED PREMISES AT 5830
PACHECO BLVD.. PACHECO IT009081
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION
CONSENT to the Revenue Reassignment and Assumption of the Subground Lease commencing
February 1, 2004 with Day-O-Espresso, a California Partnership, for the County-owned premises at
5830 Pacheco Blvd., Pacheco, under the terms and conditions more particularly set forth in the
Revenue Lease.
FINANCIAL IMPACT
This Revenue Ground Lease will generate $271,600 in revenue to the County over the remaining
term of the ground lease commencing February 1, 2004 through November 30, 2013. Revenues are
credited to the General Services Department.
BACKGROUND
The County Redevelopment Agency and Sylvia Schireck entered into a Ground Lease commencing
December 1, 1988 for 25 years. In 1987 the lessee (Sylvia Schireck) subleased the property to Run
Burger Run Fine Automotive Dining No. 101, with County consent, as required in the lease. Sylvia
Schireck and Run Burger Run have assigned the lease to Day-O-Espresso. The best use for this
property at this time is the generation of revenue to the County.
CONTINUED ON ATTACHMENT: YES SIGNAT
_RECOMMENDATION OF COUNTY ADMINISTRATOR i RECOMMENDATION OF E ITTEE
_APPROVE _OTHER
SIGNATURE(S):
ACTION OF BOA N H. APPROVED AS RECOMMENDED OTHER
L 1
VOTE OF SUPERVISORS
UNANIMOUS(ABSENTL�Y'� 1
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
Accounting
Auditor-Controller(via UM) r0 OF SUPERVISJ�R5 ON THE, ATE SHOWN.
'- y
Risk Management(via UM) ATTESTED � �h.�`
General Services Department(via UM) J HNWEETEN,CLE OFTHE BO RD OF SUPERVISORS
Silvia Schireck(via UM) AND OUNTYADMINI TRATOR
By HSC- f,j U< '� ''�. DEPUTY
I:tLeaseMgt\Board Orders\April 615830 Pacheco sublease Board Order.doc GM
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