City Council

5. RENTAL AGREEMENT WITH KYA SERVICES, LLC Request for approval of a new Rental Agreement with KYA Services, LLC for the 84,000- square-foot, City-owned warehouse building located at 15171 Del Amo Avenue for the term of August 2026 through July 2031. Recommendation: It is recommended that the City Council authorize the City Manager to execute the new Rental Agreement between the City and KYA Services, LLC subject to any non-substantive modifications as may be deemed necessary and/or recommended by the City Attorney.Fiscal Impact: Pursuant to the new Rental Agreement, KYA Services, LLC will pay the following annual rent amounts to the City to be deposited into the General Fund: - August 2026-July 2027: $1,395,924 - August 2027-July 2028: $1,521,552 - August 2028-July 2029: $1,597,632 - August 2029- July 2030: $1,677,516 - August 2030-July 2031: $1,761,396 City costs will be limited to capital improvements such as parking lot maintenance or roof repairs (if needed) during the term of the Rental Agreement. AGENDA REPORT