Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Amendment to Lease Agreement with San Mateo County Transit District for use of Sequoia Caltrain Parking Lot
RECOMMENDATION:
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Adopt a resolution authorizing:
A) The President of the Board of Supervisors to execute an amendment to the Lease Agreement with the San Mateo County Transit District for parking at the Redwood City Sequoia Caltrain Parking Lot, and
B) The County Manager, or his designee, to accept or execute, on behalf of the County of San Mateo, certain notices, consents, approvals, terminations, and other documents in connection with the Lease Agreement.
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BACKGROUND:
On February 26, 2019, your Board approved a lease agreement ("Lease Agreement") with the San Mateo County Transit District ("District") for use by the County of the underground parking lot known as the Sequoia Caltrain Parking Lot located at 1001-1111 El Camino Real, in Redwood City ("Underground Lot"). The Lease Agreement provides the County with temporary overflow parking capacity during construction of Parking Garage No. 2 at County Center in two phases: during Phase 1 (currently March 1-May 31, 2019), the County has access to 75 designated spaces in the Underground Lot at a rate of $7,500 per month, and during Phase 2 (currently June 1, 2019-December 31, 2020), the County will have use of 200 designated spaces at a rate of $21,400 per month.
DISCUSSION:
The proposed amendment to the Lease Agreement implements a handful changes to address recent revisions to the temporary parking plan. First, the amendment revises the starting date of Phase 2 from June 1, 2019 to May 1, 2019, to accommodate the recently revised earlier construction schedule for Parking Garage No. 2 (the end date remains unchanged). Because the Phase 2 rental rate is higher, this change has the effect of increasing the total amount of the ...
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