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HomeMy WebLinkAboutRDA Resolution 04-2007 RESOLUTION NO. 04-2007 REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING AN AMENDMENT TO LEASE WITH SITIKE COUNSELING CENTER EXTENDING THE LEASE FOR FIVE YEARS WHEREAS, the Redevelopment Agency of the City of South San Francisco ("Agency") currently leases to Sitike Counseling Center, a California nonprofit public benefit corporation ("Sitike"), the entire first floor of that certain building located at 306 Spruce A venue, South San Francisco, CA, pursuant to that certain Retail Lease Agreement dated December 2, 1996 (the "Lease"); and WHEREAS, the original term of the Lease expired February 28,2007; and WHEREAS, Sitike has exercised its option to extend the tenn of the Lease for five (5) years commencing March 1,2007, through February 28,2012; and WHEREAS, pursuant to a proposed Amendment to Lease attached hereto as Exhibit A, the term of the Lease would be extended for an additional five (.5) years under the same terms and conditions contained in the Lease except that the rent will remain at the current rate of Six Thousand Eight Hundred Eighty-Two and 75/1 00 Dollars ($6,882.75) for the first two years of the extended term and will increase by 5% per year for each year thereafter. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of South San Francisco that the Agency does hereby: 1. Approve the Amendment to Lease by and between the Agency and Sitike attached hereto as Exhibit A; and 2. Authorize the Executive Director or his designee to execute the Amendment to Lease substantially in the form attached hereto as Exhibit A and to 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 Redevelopment Agency of the City of South San Francisco at a regular meeting held on the 13 th day of June, 2007 by the following vote: AYES: Councilmembers Mark N. Addiego, Joseph A. Fernekes and Karvl Matsumoto, Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino NOES: None ABSTAIN: None ABSENT: None ~& . Interim ~ ATTEST: Exhibit A (Attach Amendment to Lease)