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HomeMy WebLinkAboutOB RESO 6-2014RESOLUTION NO. 6-2014 OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO RESOLUTION OF OVERSIGHT BOARD APPROVING AN AMENDMENT TO THE LEASE AGREEMENT WITH THE COUNTY OF SAN MATEO FOR THE FACILITY AT 306 SPRUCE AVENUE WHEREAS, on May 2, 2011, the City of South San Francisco ( "City ") acquired that certain real property located at 306 Spruce Avenue in South San Francisco, California ( "Property ") from the former City of South San Francisco Redevelopment Agency ( "Agency "); and WHEREAS, the Property succeeded to and was acquired by the Successor Agency to the City of South San Francisco Redevelopment Agency ( "Successor Agency ") pursuant to ABx1 26 and AB 1484; and WHEREAS, a portion of the Property is leased to the County of San Mateo ( "Lessee ") for a Health Center, pursuant to that certain Retail Lease Agreement dated April 4, 2000, as amended from time to time ( "Lease Agreement "); and WHEREAS, on August 14, 2012, the Oversight Board for the Successor Agency approved an amendment to the Lease Agreement extending the term thereof for one year, to and including October 31, 2013; and WHEREAS, on August 20, 2013, the Oversight Board for the Successor Agency approved an amendment to the Lease Agreement extending the term thereof for one year, to and including October 31, 2014; and WHEREAS, the Successor Agency and Lessee desire to extend the term of the Lease Agreement for an additional year, to and including October 31, 2015, pending the approval of the Long Range Property Management Plan (LRPMP) by the California Department of Finance; and WHEREAS, the Successor Agency recommends amending the Lease Agreement, including extending the term of the Lease Agreement for one (1) year at the current rent. NOW, THEREFORE, the Oversight Board, does hereby; 1. Approve an Amendment to the Lease Agreement with the County of San Mateo, conditioned on Lessee's timely execution and submission of all required documents. 2. Authorize the Successor Agency's Executive Director or designee to (i) execute the Amendment to the Lease Agreement on behalf of the Successor Agency, (ii) subject to the approval of the Successor Agency Attorney, make revisions to the Sublease that do not materially or substantially increase the Successor Agency's obligations thereunder; and (iii) take such other actions reasonably necessary to carry out the intent of this Resolution. C, I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Oversight Board for the Successor Agency to the City of South San Francisco Redevelopment Agency at a special meeting held on the 23`a day of September, 2014 by the following vote: AYES: Boardmembers Addieizo Christensen Farrales, Gross, Vice Chai ererrson Emsberger and Chai erson Cullen. NOES: None. ABSTAIN: None. ABSENT: Boardmember Scannell. ATTEST: Ka Reodica, Deputy Clerk versight Board for the Successor Agency to the South San Francisco Redevelopment Agency