Report Prepared by: Taylor Gates, Economic Development Associate
Title
SUBJECT: Approval of a Three (3) Year Lease Agreement with James G. Moulton, Trustee, and Lynda S. Moulton, Trustee, for a 9,000 Square Foot Facility with Initial Base Rent of $6,750/NNN Per Month and the Option to Extend for an Additional Three (3) Years
REPORT IN BRIEF
Considers approving a three-year lease agreement with James G. Moulton and Lynda S. Moulton for property to be utilized by criminal justice agencies in Merced County.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving the lease agreement between the City of Merced and James G. Moulton, Trustee, and Lynda S. Moulton, Trustee; and,
B. Authorizing the City Manager, the Deputy City Manager, or the Finance Office to make necessary adjustments and execute the document.
Body
ALTERNATIVES
1. Approve as recommended by staff; or
2. Approve, subject to conditions as specified by the City Council; or
3. Deny the request; or,
4. Refer back to staff for reconsideration of specific items as requested by the Council; or
5. Defer action until a specified date
AUTHORITY
Charter of the City of Merced, Section 200
CITY COUNCIL PRIORITIES
As provided for in the 2022-2023 Adopted Budget
DISCUSSION
The previous Lease Agreement approved on September 3, 2019 is expired, and staff has negotiated another three-year lease and option for an additional 3-years with Jim Moulton and Lynda Moulton, Trustees. The subject building and property will continue to be used by a unit composed of criminal justice agencies in Merced County to combat violent crime and gang violence across the county. Federal, state and local agencies assign personnel that are co-located and work cooperatively, each bringing their unique resources to the team.
The proposed Lease Agreement reflects a starting market lease rate of $6,750 per month and allows for annual increases based on the State of California Consumer Price Index (CPI). The annual rent ...
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