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)
What this record is
- Amount
- $110K
- Runs until
- March 31, 2029 2 years away date quoted from the award document
- 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.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Internal Services
- Requested by
- Internal Services
- Introduced
- June 24, 2024
- On agenda
- January 28, 2025
- Passed
- January 28, 2025
- Enactment no.
- Agreement No. 25-028, Resolution No. 25-016
Where it was heard
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