City Council

(53) 20-1626 COMMUNICATION FROM THE BOARD OF WATER AND POWER COMMISSIONERS relative to the Third Amendment to a Lease with Nev De Soto, LLC for Call Center Operations at 9332 De Soto Avenue, Chatsworth, California, 91311. Recommendation for Council action: CONCUR with action of the Board of Water and Power Commissioners of February 24, 2026, Resolution No. 026-164, approving the Third Amendment to a Lease with Nev De Soto, LLC for Call Center Operations at 9332 De Soto Avenue, Chatsworth, California, 91311. Fiscal Impact Statement: The City Administrative Officer (CAO) reports that approval of the proposed lease agreement for supplemental call center operations at 9332 De Soto Avenue, Chatsworth, California, will not have an impact on the City's General Fund. The total estimated base rent cost over the 10-year term is $4,632,399, including common area expenses and annual automatic rent rate adjustments of 3.5 percent. All lease payments and common area expenses are budgeted within and funded from the Department of Water and Power (DWP) Power Revenue Fund. The recommendations stated in the CAO report dated October 21, 2025. attached to the Council file, comply with the DWP adopted Financial Policies.