HomeMy WebLinkAboutr10321 lease 860 pacificRESOLUTION NO . 10321 (2012 Series )
A RESOLUTION OF THE CITY OF SAN LUIS OBISP O
APPROVING THE TERMS FOR THE LEASE OF CITY OWNED PROPERT Y
AT 860 PACIFIC, SUITE 101-102 AND AUTHORIZE THE CITY PUBLIC WORK S
DIRECTOR TO EXECUTE THE LEASE WITH ALL NECESSARY PAPERWOR K
WHEREAS,the City owns 400 square feet of commercial office space at 860 Pacifi c
Street, Suite 101-102 (in the Marsh Street Parking Structure); an d
WHEREAS,the City wants to lease this space to a stable, long-term tenant ; and
WHEREAS,the City has adopted policies on leasing property as part of its Propert y
Management Manual ; an d
WHEREAS,the City's Parking Enterprise Fund needs to be self-sufficient for it s
financial commitments including the operations and debt service for its parking structures .
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Lui s
Obispo to :
1.Approve the commercial lease agreement between the City of San Luis Obispo and Juli e
Stowasser ; an d
2.Authorize the Director of Public Works to execute the lease agreement and all necessar y
paperwork .
Upon motion of Council Member Ashbaugh, seconded by Council Member Carter, an d
on the following vote :
AYES :
Council Members Ashbaugh, Carter and Smith, Vice Mayor Carpenter an d
Mayor Mar x
NOES :
Non e
ABSENT : None
R 10321
Resolution No . 10321 (2012 Series )
Page 2
The foregoing resolution was adopted this 3 `d day of January, 2012 .
ATTEST :
Elaina Can o
City Cler k
APPROVED AS TO FORM :