DATE: November 20, 2024
TO: Honorable Mayor and City Councilmembers
FROM: Public Works Department
TITLE: AMENDMENT TO LEASE AGREEMENT WITH SR9 1935 AVENIDA DEL ORO, LLC FOR LEASE OF SPACE FOR FIRE STATION NO. 8
RECOMMENDATION
title
Staff recommends that the City Council approve Amendment 4 to Lease Agreement with SR9 1935 Avenida Del Oro, LLC to lease of a portion of the building consisting of approximately 4,999 square feet, located at 1935 Avenida Del Oro, extending the term for five-years, for Fire Station No. 8, for a total cost of $280,638; and authorize the City Manager to execute the amendment upon receipt of all supporting documents.
body
BACKGROUND AND ANALYSIS
On December 19, 2012, the City of Oceanside ("City") and SR9 1935 Avenida Del Oro LLC ("Lessor") entered into a Lease Agreement ("Agreement") for the City to lease space at 1935 Avenida Del Oro ("Premises") as a temporary location for Fire Station No. 8. Plans for the construction of a permanent Fire Station No. 8 to be located at the intersection of Old Grove Road and Trestles Street are near completion and that station is anticipated to be constructed once a funding source is identified.
The original lease Agreement was modified by a First Amendment ("Amendment 1") dated January 9, 2013, by a Second Amendment ("Amendment 2") dated January 15, 2013, and by a Third Amendment ("Amendment 3") dated November 20, 2019. The Amendments modified the terms, addressed tenant improvements, modified maintenance terms, increased square footage, and modified base rent throughout the term. The current Agreement will expire on February 28, 2025, and staff recommends continuing to lease the Premises until such time that a permanent Fire Station No. 8 is constructed.
The proposed Fourth Amendment ("Amendment 4") extends the term of the Agreement an additional five years from March 1, 2025 through February 28, 2030 for the continued use of the Premises by the City as temporary Fire Station No. 8. Les...
Click here for full text