San Mateo County Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 20-060    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/14/2020 Departments: COUNTY MANAGER
On agenda: 2/25/2020 Final action: 2/25/2020
Title: Adopt a resolution authorizing: A) An amendment to Lease Agreement with Harbor Belmont Associates, a California General Partnership, for continued use of 4,362 square feet of office space, located at 262 Harbor Blvd., in the unincorporated area of Belmont, California, for an initial term of two (2) years, with one (1) option to extend for one (1) year each, at an initial monthly Base Rent of $12,344.46, full-service gross; and B) The County Manager, or designee, to accept or execute on behalf of the County any and all notices, options, consents, approvals, terminations, and documents in connection with the lease agreement.
Attachments: 1. 20200225_r_First Amendment to Lease with Harbor Belmont Associates for 262 Harbor Boulevard in Belmont.pdf, 2. 20200225_a_First Amendment to Lease with Harbor Belmont Associates for 262 Harbor Blvd in Belmont.pdf
Special Notice / Hearing: None__
Vote Required: Majority

To: Honorable Board of Supervisors
From: Don Grady, Real Property Manager
Subject: First Amendment to Lease Agreement with Harbor Belmont Associates for the County's leasing of 262 Harbor Blvd., Belmont, California (Lease No. 1310)

RECOMMENDATION:
title
Adopt a resolution authorizing:

A) An amendment to Lease Agreement with Harbor Belmont Associates, a California General Partnership, for continued use of 4,362 square feet of office space, located at 262 Harbor Blvd., in the unincorporated area of Belmont, California, for an initial term of two (2) years, with one (1) option to extend for one (1) year each, at an initial monthly Base Rent of $12,344.46, full-service gross; and

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

body
BACKGROUND:
The County has been leasing 4,362 square feet of office space at 262 Harbor Blvd., in Belmont, since 2015. The space is currently being used by the County's Behavioral Health and Recovery Services. The County desires to extend this lease for an additional two (2) years, with one (1) option to extend the term for one (1) year. The initial monthly Base Rent will be $12,344.46, full-service gross.

DISCUSSION:
Real Property has negotiated a First Amendment to Lease Agreement with Harbor Belmont Associates for continued use of 4,362 square feet of office space for a term of two years, with one option to extend for an additional one year. The initial rate of $12,344.46 per month is based on $2.83 per square foot per month, gross. The Base Rent will be subject to an annual increase of 3%.

County Counsel has reviewed and approved the agreement and resolution as to form.

PERFORMANCE MEASURE(S):
Measure
FY 2019-20 Actual
Avg. Asking Rate Belmont Q4-2019
Monthly Rate:
$2.83
$5.24
Real Property S...

Click here for full text