§ 2.42.230. City Administration Building Complex leases.

A.

The City Administrator or his or her designee is authorized to negotiate and execute tenant leases for space in the City Administration Building Complex. The City Administrator or his or her designee is granted the full and complete authority to enter into agreements, without further specific City Council action, as needed to lease said space and to conduct related activities consistent with the purposes of this section.

B.

The City Administrator may only execute leases under this section that fall within the following parameters:

1.

Applicable leases for the Dalziel Building and the Plaza Building shall be in compliance with the Wetmore/Pardee Relocation Agreement dated April 20, 1995.

2.

Minimum monthly triple net rent for non-Wetmore/Pardee Relocation Agreement retail tenants in the Dalziel Building shall be not less than one dollar and twenty-five cents ($1.25) per square foot, excluding any rent credits for tenant improvements.

3.

Minimum monthly triple net rent for retail tenants in the Lionel J. Wilson Building, City Center West Garage, or Frank H. Ogawa Plaza shall be not less than one dollar and twenty-five cents ($1.25) per square foot, excluding any rent credits for tenant improvements.

4.

Minimum monthly gross rent for office tenants in the Dalziel Building shall be not less than one dollar and fifty cents ($1.50) per square foot, excluding any rent credits for tenant improvements and a credit for possessory interest.

5.

Maximum tenant allowances for the Lionel J. Wilson Building, City Center West Garage, or Frank H. Ogawa Plaza retail spaces and Dalziel Building retail and office spaces shall be twenty-five dollars ($25.00) per square foot.

6.

Minimum lease term shall be three (3) years for retail and office spaces, unless the City Administrator determines that it would be in the best interests of the City to enter into month-to-month leases for certain spaces.

(Ord. No. 13287, § 3, 1-6-2015)