REQUEST FOR CITY COUNCIL ACTION
DATE: 09/15/2021
TO: Honorable Mayor and City Council Members
FROM: Community Services Department
SUBJECT:
Title
Fifth Amendment to City of Corona Historic Civic Center lease agreement between the City of Corona and Inspire Life Skills Training, Inc.
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EXECUTIVE SUMMARY:
Inspire Life Skills Training, Inc. currently leases tenant space at the City of Corona Historic Civic Center located at 815 W. Sixth Street. The lease will expire on September 30, 2021, and Inspire Life Skills Training, Inc. is requesting to enter into another lease agreement with the City of Corona to continue operating at the Historic Civic Center. The proposed fifth amendment to the lease agreement covers the lease Term and Base Rent.
RECOMMENDED ACTION:
Recommended action
That the City Council approve the Fifth Amendment to City of Corona Historic Civic Center lease agreement between the City of Corona and Inspire Life Skills Training, Inc.
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BACKGROUND & HISTORY:
On September 17, 2014, Inspire Life Skills Training, Inc. (Inspire) and the City of Corona (City) entered into a lease agreement to occupy Suite 160. The suite space is approximately 573 square feet. On October 17, 2018, Inspire entered a lease amendment to include the Basement "B" storage area which is approximately 230 square feet. For the past seven years, Inspire has operated its non-profit functions at HCC. Inspire provides housing, programs, and services to young adults aged out of the foster care system.
ANALYSIS:
Inspire's lease will expire on September 30, 2021, and they wish to extend the agreement. The fifth amendment to the lease agreement covers the following terms and obligations.
Lease Term
Staff request authorization to extend the lease one (1) year through September 30, 2022, with a Renewal Term option of an additional two (2) years for a total of three (3) years, through September 30, 2024. The City Manager, or his designee, will be authorized ...
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