Special Notice/Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Fourth Amendment to Lease Agreement for Central County Health Clinic at 1950 and 2000 Alameda de las Pulgas (Lease No. 1283)
RECOMMENDATIONS:
title
Adopt a resolution authorizing:
A) The President of the Board of Supervisors to execute a Fourth Amendment to the Lease Agreement with Alameda Fields-1, LLC., to amend the Lease in order to vacate Suite 100 for approximately 12,111 rentable square feet and lease Suite 101 for approximately 19,093 rentable square feet, lease a data room of approximately 384 rentable square feet, and lease additional storage space for approximately 845 rentable square feet, for the total monthly Base Rent of $265,014.79, and extend the term of the Lease to February 28, 2031; and
B) The County Manager, or their designee, to accept or execute notices, options and documents associated with the Agreement including, but not limited to, extension or termination of the agreement under the terms set forth therein.
body
BACKGROUND:
On June 5, 2007, the County entered into a Lease Agreement with Hines REIT 1900/2000 Alameda de las Pulgas LLC, for 81,223 square feet of office space at the office project located at 1950 and 2000 Alameda de las Pulgas, in San Mateo, also known as the Central County Health Clinic (Original Lease).
The County wishes to relinquish Suite 100 for approximately 12,111 rentable square feet and lease Suite 101 for approximately 19,093 square feet, as well as lease a data room of approximately 384 rentable square feet, and additional storage space of approximately 845 rentable square feet. Additionally, the Fourth Amendment will reallocate square footage currently occupied by various Health divisions and extend the term of the Lease through September 30, 2031.
No other terms of the lease are being amended at this time.
DISCUSSION:
Real Property Serv...
Click here for full text