Special Notice/Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Executive
Subject: Seventh Amendment to Lease Agreement with Carolyn S. Bernardi and Allan J. Bernardi, as successors in interest to Mary E. Leeman for the County's leasing and use of the communication facility at 440 Pigeon Point Road, Pescadero (Lease No. 1147)
RECOMMENDATION:
title
Adopt a resolution authorizing:
A) The President of the Board of Supervisors to execute the Seventh Amendment to the Lease Agreement with Carolyn S. Bernardi and Allan J. Bernardi, as successors in interest to Mary E. Leeman, to allow for the County's continued leasing and use of the existing communication facility at 440 Pigeon Point Road in Pescadero; and
B) The County Executive, or their 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 installed and has used and maintained the communication site located at 440 Pigeon Point Road since 1987. This communications site is integral to operations at the Half Moon Bay Airport. The existing Agreement is set to expire on July 31, 2022, and it provides for two options to extend the Lease for an additional five (5) years each.
DISCUSSION:
Real Property Services has negotiated a Seventh Amendment, exercising the County's right to the First "Extension Term" option, thereby extending the term of the Lease to July 31, 2027. Commencing on August 01, 2022, the monthly rent ("Base Rent") shall be increased from $3,747.94 to $3,860.38 per month. Beginning on August 1, 2023, and on the 1st day of August of each successive year of the Extension Term of the Agreement, the Base Rent shall be adjusted to equal one hundred three percent (103%) of the monthly Base Rent for the immediately preceding lease year. The County Attorney has reviewed and app...
Click here for full text