REQUEST FOR CITY COUNCIL ACTION
DATE: 02/16/2022
TO: Honorable Mayor and City Council Members
FROM: Community Services Department
SUBJECT:
Title
Third Amendment to City of Corona Historic Civic Center lease agreement between the City of Corona and Corona Historic Preservation Society.
End
EXECUTIVE SUMMARY:
The Corona Historic Preservation Society currently leases tenant space at the City of Corona Historic Civic Center located at 815 W. Sixth Street. The lease will expire on February 28, 2022, and the Corona Historic Preservation Society is requesting to enter into another lease agreement with the City of Corona to continue operating at the Historic Civic Center. The proposed third amendment to the lease agreement covers the new lease Term and Base Rent.
RECOMMENDED ACTION:
Recommended action
That the City Council:
1. Approve the Third Amendment to City of Corona Historic Civic Center lease agreement between the City of Corona and Corona Historic Preservation Society.
2. Authorize the City Manager, or his designee, to execute the Third Amendment to the City of Corona Historic Civic Center Lease Agreement.
Body
BACKGROUND & HISTORY:
The Corona Historic Preservation Society (CHPS) first entered a 10-year lease agreement for the Historic Civic Center in February 2006. It originally occupied Suite 170 but relocated to the current space, storage Suite 185, because the elevator project created access issues to elevator equipment, which affected its tenancy.
In February 2016, the City Council approved a new five-year lease agreement that is set to expire February 28, 2022.
ANALYSIS:
CHPS wishes to continue their tenancy at the Corona Historic Civic Center and requests to enter into a new lease. This Third Amendment to the City of Corona Historic Civic Center Lease Agreement (Third Amendment) covers the following terms and obligations:
Lease Term
The Third Amendment extends the lease for an additional three years through February 28, ...
Click here for full text