HomeMy WebLinkAboutParkvw Cmplx - Assembly Cmte on Rules - Ste 116 CITY OF PALM DESERT � �
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: Approve and execute the Seventh Lease Amendment between the
Assembly Committee on Rules, California State Assembly and the City of
Palm Desert to lease Suite 116 at the City of Palm Desert Parkview Office
Complex.
APPLICANT: Assembly Committee on Rules, State of California
PO Box 942849
Sacramento, CA 94249-0115
Attn: Richard Wagaman
DATE: January 24, 2013
CONTENTS: Four (4) copies of the seventh lease amendment
Recommendation:
By Minute Motion, approve and execute the Lease Amendment between
the Assembly Committee on Rules, California State Assembly and the City
of Palm Desert to lease Suite 116 at the Parkview Office Complex.
Backqround:
The Assembly Committee on Rules would like to continue to lease Suite 116 for a local
office for Assemblyman Brian Nestande.
The amendment changes the lease term for an additional two years commencing on
January 1, 2013 and terminating on December 31, 2014 with one two-year option to
extend. The lease is designed as a full gross lease with the monthly lease payments set
at $1,000 per month for the two-year period. There are no tenant improvements planned
with the execution of this lease amendment.
Staff Report— Closed Session
Lease Amendment: California State Assemblyman Nestande
January 24, 2013
Page 2 of 2
IYs staff recommendation to approve and execute the seventh lease amendment
between the Assembly Committee on Rules, California State Assembly and the City of
Palm Desert to lease suite 116 at Parkview Office Complex.
Fiscal Impact:
The total anticipated gross lease receipts for the two-year period is $24,000.
Submitted By:
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ul S. Gibson, Director of Finance
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n M. Wohlmuth, City Manager
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VERIFIED BY:
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ROOM 3016—STATE CAPITOL
P.O.BOX 942849
SACRAMENTO, CALIFORNIA 94249-0115
TELEPHONE: (916)319-2800
December 20, 2012
City of Palm Desert �
Attn: Mr. Anthony Herdandez
73-510 Fred Waring Drive
Palm Desert,CA 92260
Phone: 760-346-0611 ext 308
Dear Mr. Herdandez:
Enclosed please find four(4)original Lease Amendment documents for the office space located at 73-710
Fred Waring Drive, Suite 116, Palm Desert, CA. Please sign the Lease Amendment documents where
indicated and return two(2)original documents to:
Assembly Committee on Rules, Leasing
1020 N Street, Room 300
Sacramento, CA 95814
Be advised that the Assembly Committee on Rules will not pay rent on the Premises for the extended
term until it receives fully executed Lease Amendments. Should you have any questions,please call us at
(916)319-3709.
Sincerely,
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Richard Wagaman ,
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Enclosure
Printed on Recycled Paper
SEVENTH AMENDMENT TO LEASE
This Seventh Amendment to Lease is made and entered into as of the 20th day
of December, 2012, by and befinreen CITY OF PALM DESERT (the "Lessor") and the
ASSEMBLY COMMITTEE ON RULES, CALIFORNIA STATE ASSEMBLY (the "Rules
Committee").
RECITALS �
A. The Lessor and the Rules Committee entered into a lease, dated November
18, 1998 (the "Lease"), whereby the Lessor leased to the Rules Committee certain
office space located at 73-710 Fred Waring Drive, Suite 112, Palm Desert, CA 92260
(the "Premises"). The Original Lease was amended by that certain First Amendment to
Lease, dated December 19, 2000, whereby the Premises was moved to Suite 108; by
that certain Second Amendment to Lease, dated March 7, 2003; by that certain Third
Amendment to Lease, dated November 24, 2004; by that certain Fourth Amendment to
Lease, dated November 27, 2006, by and between the Lessor and the Rules
Committee; by that certain Fifth Amendment to Lease, dated December 31, 2008, by
and between the Lessor and the Rules Committee, in which the Premises was relocated
to Suite 116; and by that certain Sixth Amendment to Lease, dated November 22, 2010,
by and between the Lessor and the Rules Committee. The Original Lease, as amended
by the First Amendment, Second Amendment, Third Amendment, Fourth Amendment,
Fifth Amendment, and Sixth Amendment may be referred to herein as the "Lease".
B. By this Seventh Amendment to Lease, Lessor and Rules Committee desire to
extend the term of the Lease and to otherwise modify the Lease as provided herein.
In consideration of the foregoing recitals and the mutual covenants contained
herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as follows:
AGREEMENT
1. Rent. Rent shall be based on an occupancy of approximately 500 sf in the
Premises and shall be One Thousand and 00/100 Dollars ($1,000.00) starting January
1, 2013.
2. Extended Lease Term. The Lease termination date shall be such that the
Lease shall terminate on December 31, 2014.
3. Option to Extend. Lessor grants Rules Committee one (1) option to extend
the term for the Premises for a period of two (2) years, subject to agreement between
the parties as to fair market rent.
4. Name Chanqe. The name of Brian Nestande shall be substituted in alt parts of
this Lease where an Assemblymember's name appears.
Except as set forth in this Seventh Amendment, all of the provisions of the Lease
shall remain unchanged and in full force and effect.
In witness, thereof, this Seventh Amendment has been executed as of the day
and year above written.
LESSOR: LESSEE:
CITY OF PALM DESERT ASSEMBLY COMMITTEE ON RULES
CALIFORNIA STATE ASSEMBLY
BY BY �'
JO AT WALDIE
HI MINISTRATIVE OFFICER
TITLE A BLY COMMITTEE ON RULES