HomeMy WebLinkAboutr 10472 sesloc fed credit union 3807 & 3855 broad stRESOLUTION NO. 10472 (2013 Series)
A RESOLUTION OF THE CITY OF SAN LUIS OBISPO
APPROVING THE TERMS FOR THE LEASE OF SESLOC FEDERAL CREDIT
UNION OWNED PROPERTY AT 3807 AND 3855 BROAD STREET AND AUTHORIZE
THE MAYOR TO EXECUTE THE LEASE FOR OVERFLOW PARKING AT DAMON-
GARCIA SPORTS FIELDS WITH ALL NECESSARY PAPERWORK
WHEREAS, SESLOC Federal Credit Union owns commercial property at 3807 and
3855 Broad Street (adjacent to the Damon- Garcia Sports Fields); and
WHEREAS, SESLOC Federal Credit Union has agreed to lease this space to the City for
a period of 10 years; and
WHEREAS, the City has adopted policies on leasing property as part of its Property
Management Manual; and
WHEREAS, the City's Capital Improvement Plan Funds (from Damon - Garcia Parking
Lot Construction in 2012 -13) is sufficient for this financial commitment.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo to:
SECTION 1. Approve the lease agreement between the City of San Luis Obispo and
SESLOC Federal Credit Union; and
SECTION 2. Authorize the Mayor to execute the lease agreement and all necessary
paperwork.
Upon motion of Council Member Christianson, seconded by Council Member Ashbaugh,
and on the following roll call vote:
AYES: Council Members Ashbaugh and Christianson, and Vice Mayor Smith
NOES: Council Member Carpenter
ABSENT: Mayor Marx
The foregoing resolution was adopted this 5t" day of November 2013.
Vice Mayor thy Smith
APPROVED AS FORM:
CIC– Lk=====_
hris—tignc Dietrick
City Attorney
R 10472