Report Prepared by: Frank Quintero, Director of Economic Development
Title
SUBJECT: Approval of Lease Agreement with the Merced City Chamber of Commerce, d.b.a. The Greater Merced Chamber of Commerce, for Tenant Space at the Ralph Shannon Parcade at 626 W. 18th Street for $1.00 per Month in Exchange for In-Kind Services
REPORT IN BRIEF
Considers a lease agreement with the Greater Merced Chamber of Commerce for 1,682 square-feet of office space located at 626 W. 18th Street for $1.00 per month from March 2020 to December 2020 in exchange for economic development related services valued at $15,000.00.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving the lease agreement between the Merced City Chamber of Commerce, d.b.a. the Greater Merced Chamber of Commerce and the City of Merced; and,
B. Authorizing the City Manager or the Assistant City Manager to execute all necessary documents.
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
City of Merced 2019-2020 Adopted Budget, Section 7, Economic Development and Airport, Economic Development, Goals - "Collaborate with partners to create a positive business image and provide exceptional business support."
DISCUSSION
As a new administration transitions into the Greater Merced Chamber of Commerce, its leadership approached the City regarding available office space and collaborating on local economic development efforts. The attached Lease Agreement for the office space at 626 W. 18th Street in the Ralph Shannon Parcade reflects several discussions between staff and the Chamber's new director (Attachment 1). The Greater Merced Chamber of Commerce agrees with the terms and scope o...
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