Title:
Title
Lease Agreement: City Hall Garage, 1000 I Street, Data Center [Continued from 03/24/2020]
End
FileID
File ID: 2020-00302
Location
Location: City Hall Garage, 1000 I Street, Data Center, District 4
Recommendation:
Recommendation
Pass a Motion: 1) determining that, pursuant to City Code Section 3.68.110(D), the leasing of a data center at 1000 I Street without bidding is in the best interest of the City; 2) authorizing the City Manager or the City Manager's designee to execute a lease agreement with Sacramento-Valley Limited Partnership, a California limited partnership, dba Verizon Wireless, for an initial lease term of five years, with four five-year options to extend; and 3) authorizing the City Manager or the City Manager's designee to execute minor lease amendments 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-Lease Agreement
Description/Analysis
Issue Detail: Sacramento-Valley Limited Partnership, a California limited partnership, dba Verizon Wireless (Verizon) submitted a written offer to lease 5,489 square feet of vacant space (Premises) on the ground floor of the City-owned City Hall Parking Garage (City Hall Garage), located at 1000 I Street. The City desires to lease the Premises to Verizon on the terms and conditions specified in the lease agreement attached hereto for an initial term of five years, with four additional five-year options to extend.
Policy Considerations: City Code Section 3.68.110(D) allows the City to lease City property without bidding when a firm and complete written offer for lease has been submitted with rent at or above fair market rate for comparable, similarly situated properties (as determined by the real property supervisor) and the City Council finds that leasing the property wi...
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