Report Prepared by: Karen Baker, Development Associate, Merced Visitor Services
Title
SUBJECT: Approval of Lease Agreement Between the City of Merced and Coralisa Gary, d.b.a. Glamazon, for 490 Square-Feet of Tenant Space in the Bell Station (415 W. 18th Street) for a Three (3) Year Term and a One Year Option with Rent Starting at $612.50 Per Month
REPORT IN BRIEF
Considers a lease agreement (3-year term with a 1-year option) with Coralisa Gary, d.b.a. Glamazon for tenant space in the Bell Station located at 415 W. 18th Street.
RECOMMENDATION
City Council - Adopt a motion approving the lease agreement between Coralisa Gary, a sole proprietor, doing business as Glamazon and the City of Merced and authorizing the City Manager or the Assistant City Manager to execute the necessary documents.
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ALTERNATIVES
1. Approve as recommended by staff; or,
2. Approve, subject to modifications as conditioned by Council; or,
3. Deny the request completely; or,
4. Refer back to staff for reconsideration of specific items as requested by Council; or,
5. Continue item to a future Council meeting (date to be specified in City Council motion).
AUTHORITY
Section 200 of the City of Merced Charter.
CITY COUNCIL PRIORITIES
City of Merced Adopted Budget Fiscal Year 2019-2020, Section 7 - Economic Development (Bell Station): Goal - "Secure and maintain tenants for the main level of the facility (Bell Station) while preserving its historic character."
DISCUSSION
Staff has negotiated a Lease Agreement with Coralisa Gary, doing business as Glamazon, for 490 square-feet of tenant space located in the Bell Station, 415 W. 18th Street (Attachment 1.) The Lease Agreement includes a 3-year term, a 1-year option, and rent starting at $612.50 per month ($1.25 per square-foot.) The negotiated rent includes utilities and maintenance as part of the lease. The rent revenues generated are deposited into the Bell Station Fund, Line 063-2005-352.10-12.
Coralisa Gary, d.b.a. Glam...
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