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File #: 19-1209    Version: 1 Name:
Type: Resolution Status: Passed
File created: 11/5/2019 Departments: GOVERNING BOARD
On agenda: 12/10/2019 Final action: 12/10/2019
Title: Acting as the Governing Board of the San Mateo County Flood Control District, adopt a resolution authorizing: A) The President of the Board to execute the Lease Agreement with Borel Estate Company, for 2,166 square feet of office space located at 1700 S. El Camino Real, Suite 502, in the City of San Mateo, for a term from January 1, 2020 through February 28, 2023, at an initial monthly base rent of $8,122.50; and B) The County Manager, or his designee, to accept and execute on behalf of the County any and all notices, options, consents, approvals, terminations, and documents in connection with the Lease Agreement.
Attachments: 1. 20191210_r_Resolution - FSLRRD Lease 1700 Camino Real.pdf, 2. 20191210_a_1700 S El Camino Real Suite 502 SM Lease.pdf
Special Notice / Hearing: None__
Vote Required: Majority

To: Honorable Board of Supervisors

From: Michael P. Callagy, County Manager
Subject: Lease Agreement with Borel State Company for the Flood and Sea Level Rise Resiliency District for Office Space at 1700 S. El Camino Real, in the City of San Mateo


RECOMMENDATION:
title
Acting as the Governing Board of the San Mateo County Flood Control District, adopt a resolution authorizing:

A) The President of the Board to execute the Lease Agreement with Borel Estate Company, for 2,166 square feet of office space located at 1700 S. El Camino Real, Suite 502, in the City of San Mateo, for a term from January 1, 2020 through February 28, 2023, at an initial monthly base rent of $8,122.50; and

B) The County Manager, or his designee, to accept and execute on behalf of the County any and all notices, options, consents, approvals, terminations, and documents in connection with the Lease Agreement.

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BACKGROUND:
Starting on January 1, 2019, the San Mateo County Flood and Sea Level Rise Resiliency District ("District") will be a legal expansion of the existing San Mateo County Flood Control District. The County's dependent District will change to an independent District with a new governance structure. The Board, acting as the Governing Board of the San Mateo County Flood Control District, has the legal authority to approve the lease on behalf of the District.

On November 12, 2019, the District Advisory Committee approved the lease agreement by unanimous vote. Subsequent to that meeting, there was a change in lease terms that removed the option to extend the lease for another three-years. Because this option included an adjustment to market rates and was upon mutual agreement, staff does not believe this substantively changed the District's position. The Advisory Committee was advised of this change in terms.

DISCUSSION:
Effective January 1, 2020, or upon completion of tenant improvements,...

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