Approve and authorize the Chairman to execute a Lease Agreement with Jeff Jue and Velvet Jue, as trustees of the Jeff & Velvet Jue Family Trust, dated August 10, 2011 (Lessor), for approximately 21,440 square feet of retail space, together with related improvements and parking, located at 6074 N. First Street, Fresno, CA 93710, for use by the Library, effective upon execution for a potential 10-year term, which includes an initial six-year base term, with four automatic one-year extensions, with base rent not to exceed $6,518,234, and estimated possible additional rent of $1,323,706, for a total maximum rent of $7,841,939 for the potential 10-year term; 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 Lessor, to sign such documents; and authorize the Director of Internal Services/Chief Information Officer, or their 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, 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
What this record is
- Held by
- Jeff Jue and Velvet Jue 2 records across this site
- Amount
- $6.52M
- Runs until
- June 24, 2034 8 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Real estate
real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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Jeff Jue and Velvet Jue also holds
Approve and authorize the Chairman to execute Amendment No. 1 to Lease Agreement No. 24-465 with Jeff Jue and Velvet Jue, as trustees of the Jeff & Ve…- Committee
- Internal Services
- Requested by
- Internal Services
- Introduced
- June 24, 2024
- On agenda
- August 20, 2024
- Passed
- August 20, 2024
- Enactment no.
- Agreement No. 24-465
Where it was heard
Board of SupervisorsWatch what Fresno County buys
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