HomeMy WebLinkAbout1999-06-22 - AGENDA REPORTS - METROLINK LEASE EXTENSION (2)AGENDA REPORT
City Manager Approv&%4910e
Item to be presented by: Jeffrey Lambert (/
CONSENT CALENDAR
DATE: June 22, 1999
SUBJECT: LEASE AGREEMENT EXTENSION FOR COMMUTER RAIL
STATION SITE (METROLINK)
DEPARTMENT: Department of Planning and Building Services
RECOMMENDED 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 August 21, 1999, to December 31, 1999, 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 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, 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.
City staff and Santa Clarita LLC are requesting an additional four-month extension
of the lease agreement to extend from August 21, 1999, to December 31, 1999, as
City staff processes the proposed changes to the Specific Plan, General Plan 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.
Appngg Agenda Item:_$I,
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. Second Amendment of Lease
LMH:kdl
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