To: Board of Supervisors
From: Warren Lai, Public Works Director/Chief Engineer
Report Title: Lease for office space at 2151 Salvio Street, Suite 310, Concord, for the Library - Project Second Chance
☒Recommendation of the County Administrator ☐ Recommendation of Board Committee
RECOMMENDATIONS:
APPROVE a lease with Autumn Wood I, LP, Pinewood Condominiums, LP, and Vaca Villa Apartments, LP Trust, for approximately 6,603 square feet of office space located at 2151 Salvio Street, Suite 310, Concord, for the Library - Project Second Chance, for a five-and-a-half-year term, at an initial annual rent of $174,324.00, with annual increases thereafter.
AUTHORIZE the Public Works Director, or designee, to execute the lease and up to one renewal option.
FISCAL IMPACT:
The lease will obligate the County to pay rent of $925,484.31 over the five-and-a-half-year term. (100% Library Fund)
BACKGROUND:
The Library - Project Second Chance, the Library’s adult literacy program, is currently housed in a smaller suite within the same building. This new lease provides for a larger space to offer free basic reading, writing, and spelling tutoring to adults throughout the County.
CONSEQUENCE OF NEGATIVE ACTION:
Not authorizing the lease would require finding another suitable location, at increased rent, together with the associated expenses of moving and constructing new tenant improvements.