LA County Board

75. Department of Children and Family Services Lease Agreement\nRecommendation: Authorize the Chief Executive Officer to execute a proposed\nten-year lease with Onni Brand, L.P. (Landlord), for the Department of Children\nand Family Services’ (DCFS’) use of approximately 82,723 sq ft of office space\nand 331 on-site parking spaces located at 611 North Brand Boulevard in\nGlendale (5), with an estimated maximum first-year base rental amount of\n$3,176,563, and an estimated total lease amount, including parking, County’s\nTenant Improvement (TI) contribution and low-voltage costs, of $52,087,000\nover the ten-year term, the rental costs will be funded 45% by State and Federal\nfunds and 55% by Net County Cost (NCC) that is already included in the\nDCFS’ existing budget, and DCFS will not be requesting additional NCC for this\naction; find that the proposed lease is exempt from the California Environmental\nQuality Act (CEQA); find that the issuance of taxable commercial paper notes\n(Notes) through the County Capital Asset Leasing Corporation Lease Revenue\nNote Program (Note Program) in order to finance TI costs is not subject to\nCEQA; and take the following actions: (Chief Executive Office)\nAuthorize the Chief Executive Officer to reimburse the Landlord up to\n$6,204,225 for the County’s TI contribution if paid in lump sum, or\n$7,372,000 if amortized over five years at 7% interest per annum;\nFinance the County’s TI contribution by establishing TI Project No. 58930\nfor the proposed lease at 611 North Brand Boulevard in Glendale;\nAuthorize the issuance of Notes through the Note Program in an amount\nnot to exceed $6,205,000 for the TI costs, and approve an amount not to\nexceed $200,000 to be funded by the benefiting Department, for interest\ndue to the Landlord until County payment is received;\nAuthorize the Director of Children and Family Services to contract with\nand instruct the Director of Internal Services, in coordination with the\nChief Executive Officer, for the acquisition and installation of telephone,\ndata, and low-voltage systems and vendor installation (Low Voltage Items)\nat a total amount not to exceed $3,535,635 if paid in a lump sum, or\n$4,233,000 if amortized over five years at 8% interest per annum, the\ncost for the Low Voltage Items is in addition to the rental costs and the\nCounty’s TI contribution payable to the Landlord; and\nAuthorize the Chief Executive Officer to execute any other ancillary\ndocumentation necessary to effectuate the terms of the proposed lease,\nand take actions necessary and appropriate to implement the terms of\nthe proposed lease including, without limitation, exercising early\ntermination rights and the Right of First Offer to lease additional space.\n(23-0823)\nAttachments: Board Letter\nPublic Comment/Correspondence\nIII. SPECIAL DISTRICT AGENDAS\nAGENDA FOR THE MEETING OF\nTHE LOS ANGELES COUNTY\nDEVELOPMENT AUTHORITY\nTUESDAY, FEBRUARY 28, 2023\n9:30 A.M.