DATE: April 23, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Public Works Department
TITLE: AMENDMENT 2 TO THE LEASE AGREEMENT WITH KRUGER/WILKINSON TRUST FOR USE OF THE PREMISES LOCATED AT 804 PIER VIEW WAY, SUITE 101 AND 105, BY THE CITY OF OCEANSIDE READS LITERACY PROGRAM
RECOMMENDATION
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Staff recommends that the City Council approve Amendment 2 to the Lease Agreement with Kruger/Wilkinson Trust for use of the premises located at 804 Pier View Way, Suite 101 and 105, by the READS Literacy Program, extending the term of the Agreement through September 30, 2028, for a three-year minimum total cost of $225,449; and authorize the City Manager to execute the amendment upon receipt of all supporting documents.
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BACKGROUND AND ANALYSIS
On September 9, 2020, the City Council approved a three-year Lease Agreement with Kruger/Wilkinson Trust ("Lessor") for operations of the READS Literacy Program ("READS") at 804 Pier View Way, Suites 101 and 105 ("Premises"). The Agreement included two one-year extension options, which were exercised by the City, extending the Agreement through September 30, 2025. At this time the City has elected to continue occupancy at the Premises and is requesting to extend the term of the Agreement ("Term") for three additional years through September 30, 2028.
Amendment 2 ("Amendment") allows for READS to continue its use of the Premises, which consists of 2,295 square feet in the building's ground floor. The Premises contains a private, exterior front entrance, along with access to the space through the lobby of the building. The property has a close proximity to the Civic Center, which makes it a great fit for READS. The City currently pays rent in the amount of $5,066 per month. The proposed Amendment increases the first year's rent to $5,219 per month, which is a three percent increase over the existing rent, and also provides for annual increases of three percent. The total rent for the Premises during the Term...
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