HomeMy WebLinkAbout1999-11-23 - AGENDA REPORTS - LEASE AGMT EXTENSION METR (2)AGENDA REPORT
City Manager Approval
Item to be presented by. Jeffrey Lambert
CONSENT CALENDAR
DATE: November 23, 1999
SUBJECT: LEASE AGREEMENT EXTENSION FOR COMMUTER RAIL
STATION SITE (METROLINK)
DEPARTMENT: Department of Planning and Building Services
RECO14MENDED ACTION
City Council direct the City Manager to enter into a four-month extension of the
lease agreement between the City and Santa Clarita, LLC for the Commuter Rail
Station Site (Metrolink) from December 31, 1999, to April 30, 2000, subject to City
Attorney approval.
BACKGROUND
On March 23, 1999, the City Council approved a Memorandum of Understanding
(MOU) between the City and Santa Clarita LLC, the owners of the Porta Bella
property. On April 13, 1999, the City Council approved a modification to the
existing Metrolink lease agreement, which extended the term of the lease for the
Commuter Rail Station Site (Metrolink). Under the original terms of the
Development Agreement between the City and the owner of the Porta Bella
property, the property owner would deed the property to the City upon the
recordation of their first subdivision or the City would purchase the Metrolink site
by April 21, 1999. Since the property owner could not record the first subdivision by
April 21, 1999, and funds were not available for the City to purchase the site, a lease
extension was requested and subsequently approved. The modification to the lease
agreement extended the lease an additional four months to August 21, 1999. The
lease was extended a second time from August 21, 1999 to December 31, 1999.
City staff and Santa Clarita LLC are requesting an additional two-month extension
of the lease agreement to extend from December 31, 1999, to February 28, 2000, as
City staff processes the proposed changes to approved Tentative Tract Map 51599
and the Development Agreement. Staff and the applicant are performing in-depth
land use, traffic/circulation and environmental studies to support all proposed
changes to the existing project.
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ALTERNATIVE ACTIONS
1. Deny the lease extension
2. Other actions as determined by the City Council
FISCAL IMPACTS
No fiscal impacts are anticipated by the recommendation listed in this report.
ATTACHMENT
1. Third Amendment of Lease
LMH:kdl
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