City Council

Item 58: Sixth Amendment to Lease at 525 B Street, San Diego, CA 92101,\nBetween I&G 525 B 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\napproximately $63,398.00, in operating expenses to be paid out of the\nGeneral Fund.\nCouncil District(s) Affected: 3.\nProposed Actions:\nAdopt the following Ordinance which was introduced on 3/21/2023, Item 60,\nSubitem-B, (Council voted 8-0, Councilmember Whitburn-not present):\n(O-2023-126)\nOrdinance approving that certain Sixth Amendment to Lease between I & G\n525 B Street, LLC, a Delaware limited liability company, and the City of San\nDiego.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken:\nThis item was heard at the Land Use and Housing Committee meeting on\nMarch 2, 2023.\nACTION: Motion by Vice Chair LaCava, second by Chair Moreno, to\nrecommend Council 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)\n236-6191\nCity Attorney Contact: Delmar Williams