LA County Board

28.\nFire Department Lease Agreement\nRecommendation: Authorize the Chief Executive Officer to execute a proposed\nten-year lease with Bristol Capital Ventures, LLC (Landlord), for the Fire\nDepartment’s continued use of for approximately 2,584 sq ft of office space and\nnine on-site parking spaces located at 6167 Bristol Parkway, Suite 220, in\nCulver City (2). The estimated maximum first year base rental amount is\n$101,000, but with a three-month rent abatement of approximately $26,000 and\nparking costs of $10,800, will equal $86,000. The estimated total of the\nproposed lease including parking is $1,274,000 over the ten-year term. The\nrental amount will be funded 100% by revenue generated from permit fees that\nis already included in Fire Department’s existing budget. The Fire Chief will not\nbe requesting additional Net County Cost for this action. Authorize the Chief\nExecutive Officer to execute any other ancillary documentation necessary to\neffectuate the proposed lease, and to take actions necessary and appropriate\nto implement the proposed lease, including, without limitation, exercising any\nearly termination rights and one option to extend the term at fair market value\nfor an additional five years. If this option is exercised, the total term for the\nproposed lease will be up to 15 years. Find that the proposed lease is exempt\nfrom the California Environmental Quality Act. (25-5097)\nBoard Letter