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HomeMy WebLinkAboutOB RESO 5-2014RESOLUTION NO. 5 -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 SITIKE COUNSELING CENTER 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 Sitike Counseling Center ( "Lessee ") pursuant to that certain Retail Lease Agreement dated December 2, 1996, as amended from time to time ( "Lease Agreement "); and WHEREAS, in 2007 Lessee exercised its option to extend the term of the Lease Agreement for five (5) years through February 28, 2012, continuing month to month thereafter; 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 August 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 August 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 August 31, 2015, pending 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, and permitting the Successor Agency to terminate the Lease Agreement without cause upon six months' written notice to Lessee. NOW, THEREFORE, the Oversight Board, does hereby: 1. Approve an Amendment to the Lease Agreement with the Sitike Counseling Center, 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. 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 23rd day of September, 2014 by the following vote: AYES: Boardmembers Addie o Christensen Farrales Gross Vice Chairperson Ernsberger and ChaiEperson Cullen NOES: None. ABSTAIN: None. ABSENT: Boardmember Scannell. ATTEST: Ka—yiryn Reodica, Deputy Clerk ersight Board for the Successor Agency to the South San Francisco Redevelopment Agency