Placentia

City Council

September 17, 2024 Order of Business 1 #g

Agenda Item g

1.g Approval of Five-Year Lease Agreement with Trillium for CNG Station Service,\nMaintenance and Management\nFiscal Impact:\nRevenue: $ 63,750 First Year Base Lease Payment (FY 24-25 Pro Rated Amount)\n$ 80,000 Annual Base Lease Payment (FY 25-26 to FY 28-89)\n$383,750 Five-Year Total for Base Lease Payment\n5% Additional Revenue Based on Annual Total Sales\nRecommended Action: It is recommended that the City Council:\n1. Award a five-year lease agreement to Trillium for inspection, service,\nmaintenance, and management of the City CNG Station; and\n2. Authorize the City Administrator to approve contract change orders; and\n3. Authorize the City Administrator and/or his designee to execute all necessary\ndocuments, in a form approved by the City Attorney.