City Council

1.g. Extension of Lease Agreement with Kappe Terracina, LLC\nfor 166 E. La Jolla Avenue Fiscal Impact: Expense:\n$39,479 Monthly Base Rent Lease Extension Budget: FY\n2023-24 Operating Budget (103043-6160)\nRecommended Action: It is recommended that the City\nCouncil:\n1) Approve a three-month term extension with Kappe\nTerracina, LLC, for 166 E. La Jolla Avenue, Placentia\nfor a monthly base rent of $39,479; and\n2) Authorize the City Administrator to execute the term\nextension in a form approved by the City Attorney.\nStaff Report\nExisting Lease Agreement\nAmendment #1 to Lease Agreement