AGENDA CAPTION:
Title
Consider approval of Resolution 2018-78R, approving a Lease Agreement with Becerra Corp. for the year to year lease of approximately 9,817 square feet of space at 201 South LBJ (the site of the former Dixie Cream Donut Shop); authorizing the City Manager to execute said lease; and declaring an effective date.
Body
Meeting date: May 15, 2018
Department: City Manager's Office
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Background Information:
This agenda item is to approve a ground lease of 9,817 square feet of property located at 201 South LBJ. The annual rent for this property in 2018 will be $3,446.68 which will be broken down into 4 equal installments of $861.67 to be paid over the next 4 months. The annual lease amount will automatically increase by 3% each year and can be reset to market not more than once every 3 years.
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Recommendation:
Per Council Direction, this item was asked to be brought back for approval at the earliest possibl...
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