Tustin
City Council
7.
AMENDMENT 4 TO SUBLEASE AGREEMENT WITH THE SOUTH
ORANGE COUNTY COMMUNITY COLLEGE DISTRICT Request for
approval of Amendment 4 to the Sublease Agreement with the South
Orange County Community College District for a portion of the Advanced
Technology Education Park campus at Tustin Legacy. Amendment 4 to
the Sublease Agreement will extend the term of the Sublease Agreement
by two (2) years to coincide with the term of the City’s Lease in
Furtherance of Conveyance (currently May 2052 unless extended in the
future) to provide additional assurances for tenants in negotiations with
the South Orange County Community College District.
Recommendation: It is recommended that the City Council authorize the
City Manager to execute Amendment 4 to the Sublease Agreement with
the South Orange County Community College District subject to any nonsubstantive modifications as may be deemed necessary and/or
recommended by the City Attorney.Fiscal Impact: There is no fiscal impact
associated with this item.
AGENDA REPORT