File #: 24-757    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 7/25/2024 In control: City Council/Public Finance and Economic Development Authority/Parking Authority
On agenda: 8/5/2024 Final action:
Title: SUBJECT: Approval of Six-Month Lease Extension Between the City of Merced and USPS (United States Postal Service) at the Bell Station (415 W. 18th Street) REPORT IN BRIEF Considers approving a six-month lease extension with USPS for office space at Bell Station, with a monthly rental rate of $5,563.25. RECOMMENDATION City Council - Adopt a motion: A. Approving the Lease Extension Agreement with the United States Postal Service for office space at the Bell Station with a monthly rate of $5,563.25; and, B. Authorizing the City Manager to execute all necessary documents; and, C. Authorizing Finance Officer to make the necessary budget adjustments.
Attachments: 1. Lease Extension Agreement, 2. Bell Station Floor Plan
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Report Prepared by: Amanda Williams, Economic Development Associate

 

Title

SUBJECT: Approval of Six-Month Lease Extension Between the City of Merced and USPS (United States Postal Service) at the Bell Station (415 W. 18th Street)

 

REPORT IN BRIEF

Considers approving a six-month lease extension with USPS for office space at Bell Station, with a monthly rental rate of $5,563.25.

 

RECOMMENDATION

City Council - Adopt a motion:

 

A.  Approving the Lease Extension Agreement with the United States Postal Service for office space at the Bell Station with a monthly rate of $5,563.25; and,

 

B.  Authorizing the City Manager to execute all necessary documents; and,

 

C.  Authorizing Finance Officer to make the necessary budget adjustments.

 

Body

ALTERNATIVES

1.  Adopt the motion as recommended by staff; or

2.  Modify the action (specify in motion); or

3.  Deny the action.

 

AUTHORITY

Section 200 of the City of Merced Charter.

 

CITY COUNCIL PRIORITIES

City of Merced Adopted Budget Fiscal Year 24/25, Section 7 - Bell Station Facility: Mission - Maintain and preserve the Bell Station as a historic icon in Downtown Merced.

 

DISCUSSION

The USPS currently occupies 4,305 square feet at the Bell Station that includes 3,740 square feet of dedicated space to their operations; the remaining square footage accounts for their share of the loading dock and lobby area (See Bell Station Floor Plan).

 

The United States Postal Service (USPS) has been a tenant of the Bell Station since 1933. Staff retained USPS as a tenant when the City acquired the Bell Station from the U.S. General Services Administration (GSA) in 2007.

 

 

 

Notable terms of the Lease Agreement include:

 

Parties:                     Lessor:                     City of Merced

                                          Lessee:                     United States Postal Service (USPS)

 

Premises:                     The subject site is a portion of the City-owned Bell Station, located at            415 W. 18th Street.

 

Term:           Six (6) month lease

 

Monthly Rate:   $5,563.25

 

IMPACT ON CITY RESOURCES

The rent revenues generated are deposited into the Bell Station Fund Facilities Rental account 30022520-417309.

 

ATTACHMENTS

1.  Lease Extension Agreement

2.  Bell Station Floor Plan