Los Angeles
LA County Board
24. Department of Public Social Services Lease Renewal
Recommendation: Authorize the Chief Executive Officer to execute a proposed
lease amendment with 5200 West Century Fee, LLC, a Delaware limited liability
company (Landlord), for the Department of Public Social Services’ (DPSS’)
use of approximately 52,054 sq ft of office space and 126 on-site parking
spaces located at 5200 West Century Boulevard, Los Angeles. This proposes a
lease for a term of five years. The estimated maximum first-year base rental
and parking cost is $2,118,000. The estimated total proposed lease amendment
cost, including parking, is $11,189,000 over the five-year term. The rental costs
will be funded by State and Federal funds with the current subvention rate of
80.11% by State and Federal funds and 19.89% by Net County Cost (NCC)
that is already included in DPSS’ existing budget. The subvention rate may be
subject to change in future years and NCC variance will be absorbed by DPSS.
DPSS will not be requesting additional NCC for this action. Authorize and direct
the Chief Executive Officer to execute any other ancillary documentation
necessary to effectuate the proposed lease amendment, and to take actions
necessary and appropriate to implement the proposed lease amendment. Find
that the proposed lease amendment is exempt from the California Environmental
Quality Act. (Supervisorial District 2) (26-5199)