Approve and authorize the Chairman to execute a Lease Agreement, including an Option to Purchase, with McMahan-Kays, LLC, c/o Douglas Kays, for approximately 21,130 square feet of office space, together with related improvements and parking, located in Coalinga, CA, for use by the Department of Social Services, effective upon execution for a ten-year term, with base rent not to exceed $3,360,000, and estimated possible additional rent of $1,301,880, for a total maximum rent of $4,661,880 for the 10-year term, and set the purchase price to $240,000; Authorize the Director of the Internal Services Department/Chief Information Officer, or their designee, to approve and execute, upon review and approval as to legal form by County Counsel, an Estoppel Certificate, and Subordination and Non-Disturbance Agreement relating to the recommended Lease Agreement, if County is so requested by McMahan-Kays, LLC, c/o Douglas Kays, to sign such documents; and Authorize the Director of Internal Services/Chief Information Officer, or designee, to approve and execute (or accept, as applicable), (a) upon review and approval as to legal form by County Counsel, the Memorandum of Lease, and any notices and documents, instruments, certificates, and documents, relating to the consummation of the recommended Lease Agreement, and (b) any notices and documents relating to the County’s administration of the leased premises under the recommended Lease Agreement

Agenda Item Approved Introduced April 26, 2024

What this record is

Held by: McMahan-Kays, LLC
Amount: $3.36M
Runs until: April 26, 2034 8 years away calculated from the contract term stated in the record
Type: purchase
Field: Health & social

Read automatically from the title of the official record. The source document below is authoritative.