City Council

(53)\n20-1626\nCOMMUNICATION FROM THE BOARD OF WATER AND POWER\nCOMMISSIONERS relative to the Third Amendment to a Lease with\nNev De Soto, LLC for Call Center Operations at 9332 De Soto Avenue,\nChatsworth, California, 91311.\nRecommendation for Council action:\nCONCUR with action of the Board of Water and Power\nCommissioners of February 24, 2026, Resolution No. 026-164,\napproving the Third Amendment to a Lease with Nev De Soto, LLC\nfor Call Center Operations at 9332 De Soto Avenue, Chatsworth,\nCalifornia, 91311.\nFiscal Impact Statement: The City Administrative Officer (CAO)\nreports that approval of the proposed lease agreement for\nsupplemental call center operations at 9332 De Soto Avenue,\nChatsworth, California, will not have an impact on the City's General\nFund. The total estimated base rent cost over the 10-year term is\n$4,632,399, including common area expenses and annual automatic\nrent rate adjustments of 3.5 percent. All lease payments and common\narea expenses are budgeted within and funded from the Department\nof Water and Power (DWP) Power Revenue Fund. The\nrecommendations stated in the CAO report dated October 21, 2025.\nattached to the Council file, comply with the DWP adopted Financial\nPolicies.