LA County Board

21. Department of Aging and Disabilities Lease Agreement\nRecommendation: Authorize the Chief Executive Officer to execute a proposed\nten-year lease with Tung’s Investment Group, Inc., a California corporation\n(Landlord), for approximately 5,680 sq ft of office space, and 15 on-site parking\nspaces, located at 441 East Carson Street, Suites J, K, and L, in the City of\nCarson (2), to be occupied by the Department of Aging and Disabilities (AD),\nthe estimated maximum first year base rental amount is $229,000, but with a\none-month rent abatement of about $19,000, which will equal $210,000, with an\nestimated total proposed lease amount of $4,986,000 over the ten-year term,\nthe rental costs will be funded 100% by Net County Cost (NCC) that is already\nincluded in AD’s existing budget, and AD will not be requesting additional NCC\nfor this action; authorize the Chief Executive Officer to reimburse the Landlord\nup to $767,000 for the County’s tenant improvement (TI) contribution, if paid in\nlump sum or $922,000 if amortized over five years at 7.5% interest per annum;\nauthorize the Director of Aging and Disabilities to contract with the Director of\nInternal Services, in coordination with the Chief Executive Officer, for the\nacquisition and installation of telephone, data, and low-voltage systems and\nvendor installation (Low-Voltage Items), at a total amount not to exceed\n$1,466,000 paid in a lump sum, the cost for the Low-Voltage Items is in addition\nto the rental costs and the County’s TI contribution payable to the Landlord;\nauthorize the Chief Executive Officer to execute any other ancillary\ndocumentation necessary to effectuate the terms of the proposed lease, and\ntake actions necessary and appropriate to implement the proposed lease\nincluding, without limitation, exercising any early termination rights; and find that\nthe proposed lease is exempt from the California Environmental Quality Act.\n(24-2798)