City Council

Item 60: Sixth Amendment to Lease at 525 B Street, San Diego, CA 92101, Between I&G 525\nB Street, LLC and the City of San Diego.\nTotal Estimated Cost of Proposed Action and Funding Source:\nBase rent expense of $1,139,469.85, over the term of the Amendment plus approximately\n$63,398.00, in operating expenses to be paid out of the General Fund.\nCouncil District(s) Affected: 3.\nProposed Actions:\nSubitem-A: (R-2023-474)\nResolution determining that approval of that certain Sixth Amendment to Lease between I\n& G 525 B Street, LLC, a Delaware limited liability company, and the City of San Diego\nis categorically exempt from the California Environmental Quality Act under Title 14\nCalifornia Code of Regulations section 15301.\nThis subitem is not subject to the 6 votes requirement.\nSubitem-B: (O-2023-126)\nIntroduction of an Ordinance approving that certain Sixth Amendment to Lease between I\n& G 525 B Street, LLC, a Delaware limited liability company, and the City of San Diego.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken: This item was heard at the Land Use and Housing Committee\nmeeting on March 2, 2023.\nACTION: Motion by Vice Chair LaCava, second by Chair Moreno, to recommend\nCouncil approval of staff's proposed actions.\nVOTE: 4-0; Moreno-yea, LaCava-yea, Whitburn-yea, Lee-yea.\nDepartment of Real Estate and Airport Management: Karen Johnson, (619) 236-6191\nCity Attorney Contact: Delmar Williams\nADOPTION AGENDA\nCONSENT, RESOLUTIONS TO BE ADOPTED: