City Council

(23) 23-0810 CD 2 COMMUNICATION FROM THE MUNICIPAL FACILITIES COMMITTEE (MFC) relative to a lease with DWF VI GPI Lankershim Owner, LLC for field office space located at 5250 Lankershim Boulevard, North Hollywood, CA 91601 in Council District Two. Recommendation for Council action: AUTHORIZE the Department of General Services (GSD) to negotiate and execute a lease with DWF VI GPI Lankershim Owner, LLC for approximately 5,879 square feet of the field office space located at 5250 Lankershim Boulevard, North Hollywood, CA 91601 in Council District Two, for an initial lease term of four years with one four-year option to extend. Fiscal Impact Statement: The MFC reports that there is no anticipated current-year impact on the General Fund from the estimated shortfall amount of $290,432 identified at this time. GSD is negotiating with the landlord of the Council Office’s current location to reimburse expenses associated with this move to the extent possible and will manage any shortfalls within the Citywide Leasing Account.