AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 4/4/2018
TO: Honorable Mayor and City Council Members
FROM: Community Development Department
SUBJECT:
Title
City Council consideration to approve the Fourth Amendment to the City of Corona Historic Civic Center Lease Agreement with the Christian Arts and Theater located at 815 W. Sixth Street, Suite110.
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RECOMMENDED ACTION:
Recommended action
That the City Council approve the Fourth Amendment to the City of Corona Historic Civic Center Lease Agreement with the Christian Arts and Theater and direct the City Manager, or his designee, to execute the agreement and all matters related thereto.
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ANALYSIS:
Christian Arts and Theater (CAT) has occupied Suite 110 at the Historic Civic Center since July 16, 2014. Over the years, CAT's lease agreement has been amended three times. The first amendment was approved on November 19, 2014 and provided CAT and the Corona Symphony additional weekly use of the Historic Community Room. The second amendment was approved on August 19, 2015 and provided CAT additional lease space for storage purposes. The third amendment was approved on July 20, 2016 and accommodated the separation of the Corona Symphony from the lease space it shared with CAT. CAT is requesting a reduction in the rent rate which requires a fourth amendment to the lease agreement.
CAT's leased premises consist of Suite 110 (4,015 square feet) and the Auditorium Attic Storage Area (851 square feet). If approved, the rent reduction will only apply to Suite 110.
The table below provides a summary of the request and current lease rate.
COMMITTEE ACTION:
The Public Services Committee at its meeting on November 8, 2017 discussed this matter and had no objection.
STRATEGIC PLAN:
The lease agreement is consistent with the City's Strategic Plan goal to Actively Engage in Public and Private Partnerships to Provide Services and Amenities because it provides a place of opportunity for a private ...
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