Title:
Title
First Amendment to Lease Agreement with Clark Construction Group - California, LP at Sacramento Valley Station, 401 I Street, Suites 210 and 220
End
FileID
File ID: 2020-00235
Location
Location: 401 I Street, Suites 210 and 220, District 3
Recommendation:
Recommendation
Adopt a Resolution authorizing the City Manager or the City Manager's designee to: 1) execute the First Amendment to City Agreement No. 2019-1605 with Clark Construction Group - California, LP; and 2) execute minor lease amendments to City Agreement No. 2019-1605 pursuant to City Code Section 3.68.120.
Contact: Steve Ward, Real Property Agent, (916) 808-1081; Richard Sanders, Facilities & Real Property Superintendent (916) 808-7034, Department of Public Works.
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
3-First Amendment to Lease Agreement 2019-1605
Description/Analysis
Issue Detail: A lease between Clark Construction Group - California, LP (Clark) and the City for Suites 210 and 220 (the Premises) at the City-owned Sacramento Valley Station (SVS) at 401 I Street was approved by the City Council on October 22, 2019, under Motion No. 2019-0364 and identified as City Agreement No. 2019-1605 (Lease). The Lease provides executive offices for Clark's growing regional operations.
During the design phase of the tenant improvements, additional improvements to the base building condition of the Premises were identified which necessitate an amendment to the Lease to specify who will perform those additional improvements. As landlord, City is responsible for the cost of the additional improvements, which City staff determined would be in an amount not to exceed $183,865. To expedite completion of the additional improvements, the First Amendment to the Lease allows Clark to perform the work as part of its tenant improvements and then City will reimburse Clark for the costs associated with the work.
Policy Considerations: The recommendations in thi...
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