Norwalk

City Council

March 18, 2025 Consent Item #8

Agenda Item 8

8. TEMPORARY LEASE EXTENSION AGREEMENT FOR THE PROPERTY AT 12405 ROSECRANS\nAVENUE - NORWALK AUTO AUCTION\nStaff recommends City Council:\na. authorize the City Manager to enter into a new Third Amendment with Aquirecorp to temporarily\nextend the terms of the current lease agreement in a form approved by the City Attorney’s Office;\nand\nb. continue negotiating terms for a long-term ground lease extension.\nAPPOINTMENTS