LA County Board

11. Fire Department Lease Agreement\nRecommendation: Authorize the Chief Executive Officer to execute a proposed\nseven-year lease with PROLOGIS, LP, a Delaware limited partnership\n(Landlord), for the Fire Department's continued use of approximately 31,355 sq\nft of office space and 124 on-site parking spaces located at 5801 South\nEastern Avenue in the City of Commerce (4), at an estimated maximum\nfirst-year base rental amount of approximately $922,000, but with a four-month\nrent abatement of about $308,000, will equal $614,000, and an estimated total\nproposed lease amount of $6,769,000 over the seven-year term, the Fire\nDepartment, as a Special District, is funded independently from the County’s\nGeneral Fund, and relies primarily on property tax revenue to provide essential\nfire protection and life safety services, the proposed lease costs are already\nincluded in the Fire Department’s existing budget and the Department will not be\nrequesting additional Net County Cost; authorize the Chief Executive Officer to\nexecute any other ancillary documentation necessary to effectuate the\nproposed lease, and take actions necessary and appropriate to implement the\nproposed lease including, without limitation, exercising any early termination\nrights; and find that the proposed lease is exempt from the California\nEnvironmental Quality Act. (25-1769)