HomeMy WebLinkAbout1996-09-24 - AGENDA REPORTS - BUS PARKING LOT LEASE (2)AGENDA REPORT
City Manager Approv
Item to be presented by:
Ron Kilcoyne
CONSENT CALENDAR
DATE: September 24, 1996
SUBJECT: BUS PARKING LOT LEASE
DEPARTMENT: Public Works
In 1991, the City of Santa Clarity entered into a lease agreement for the lease of approximately
34,500 square feet of land at 25572 Aventie Stanford, Valencia, for the purpose of storing Santa
Clarita Transit vehicles. The term of that agreement is five years, terminating October 15, 1996.
The need for such land continues, and is expected to continue for at least five years.
Staff has completed an analysis of alternative bus storage lot locations. Ten sites were considered
as possible alternatives to the current location. However, only two locations met operational
proximity needs. Both of those locations are now heavily used by current tenants, and a shared
use arrangement has been eliminated as a viable option. Therefore, it has been determined that
the current location if the preferred site for bus storage for the next five years.
The existing lease agreement includes an option to renew. However, the terms of that option were
not consistent with current property values. Therefore, a new lease agreement has been negotiated
to reflect acceptable terms.
RECOMMENDATION'
City Council authorize staff to negotiate and execute an agreement to lease land for the purpose
of storing Transit vehicles for a monthly lease cost of $3,553.50 for the first year, with 3%
increases for each subsequent year, upon approval of the City Attorney.
AgendaP M),rD, ED
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