City Council

E. CONSIDERATION OF A RESOLUTION APPROVING A FIVE-YEAR LEASE WITH TWO THREE-YEAR OPTIONS FOR THE CITY OWNED COMMERCIAL BUILDING LOCATED AT 1030 CALLE NEGOCIO (APN 688-142-35) AND APPROVING A SUPPLEMENTAL APPROPRIATION FOR BROKER COMMISSIONS Staff Recommendation Adopt Resolution No. 24-130, which will: 1. Approve the five-year lease agreement, provided as Exhibit A of Attachment 1, for the lease to XLR8 EMS, LLC of 1030 Calle Negocio. 2. Approve, and authorize the City Manager to execute, Contract No. C24-45, the lease agreement, by and between the City of San Clemente and XLR8 EMS, LLC, for the lease of 1030 Calle Negocio, for a base rent of $16,081 per month for the first year, with 3% increases annually, and two three-year options to renew at market rental rate, and including the commission for consultant real estate services not to exceed 6% of the gross lease revenues. 3. Accept revenues in the amount of $112,567 for FY 2025 in Account No. 001-000-36253 - Negocio Lease Revenues. 4. Approve a supplemental appropriation in the amount of $61,470 to Account No. 001-151-43605 - Broker Commissions.