AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 07/01/2020
TO: Honorable Mayor and City Council Members
FROM: Community Development Department
SUBJECT:
Title
City Council consideration to extend emergency rent relief for up to five months for the Stephan Center located at 815 W Sixth Street, Corona, Suite 130 in the Historic Civic Center due to a financial hardship resulting from COVID-19.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Approve the Stephan Center request to defer rent payments for a period of five months through August 30, 2020.
b. Approve a Lease Agreement Term extension through March 31, 2022 to extend the deferred rent payment period.
c. Authorize the City Manager, or the Community Development Director to process and execute a lease amendment and take actions required in furtherance of this action.
Body
ANALYSIS:
On April 1, 2020, the City Council approved an emergency rent relief for tenants of City owned facilities that are impacted by COVID-19. The City Manager was authorized to defer monthly rental payments during the State of Emergency issued by Executive Order N-33-20, or for a period of three months, whichever is shorter, and take necessary action to collect payments. Following the City Council's decision, the Historic Civic Center tenants were notified of the temporary emergency rent relief. On April 16, 2020, the Stephan Center requested that their rent be deferred for a period of five months starting on April 1, 2020 and ending on August 30, 2020. This request exceeded the rent relief approved by the City Council by an additional two months. The Stephan Center was contacted by City staff in June and was provided a rent payment schedule and commencement date. The Stephan Center has applied for financial assistance through other sources and a response is pending. The request before the City Council is to approve the deferral of rent an additional two months until August 30, 2020. ...
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