Approve and accept the Assignment of Lease Agreement No. 22-099 from Sunnyside Square Investments, Inc. to Sage Kings Fresno, LLC for 18,033 square feet of office space and adjacent parking stalls located at 5566 E. Kings Canyon Road, Fresno, CA 93727, retroactively effective September 23, 2022; Approve and authorize the Chairman to execute retroactive Amendment No. 1 to Lease Agreement No. 22-099 with Sage Kings Fresno, LLC, to extend the term by two years to a total of seven years, from April 1, 2022, through March 31, 2029, add improvements to the restrooms, increase the maximum base rent by $696,108 to $1,709,628, and increase the estimated possible additional rent by $247,015 to $343,213, for a total estimated maximum rent of $2,052,841; Authorize the Director of Internal Services/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 Sage Kings Fresno, LLC, to sign such documents; 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; and Adopt Budget Resolution increasing FY 2024-25 appropriations for Measure B Fund 0107, Library Org 7511 in the amount of $110,000 for the retroactive cost of the amended rent effective April 1, 2024 (4/5 vote)

Agenda Item Approved Introduced June 24, 2024

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