SUBJECT: Approval of Lease Agreement Between the City of Merced and Transit Joint Powers Authority for Merced County (The Bus) for Use of Office Space and Common Areas at the Merced Transportation Center (710 W. 16th Street) with Rent Starting at $848.13 per Month and use of the Bus Concourse Area for $33,286.32 per Year for a Term of Five Years with Annual Extensions by Mutual Agreement of the Parties REPORT IN BRIEF Considers a Lease Agreement (5-year Term with annual extensions by mutual agreement of the parties) with the Transit Joint Powers Authority for Merced County (The Bus) for use of the Bus Concourse, Common Areas, 275 Square Feet of Leased Office Space, and facilities located at the Merced Transportation Center, located at 710 W. 16th Street. RECOMMENDATION City Council - Adopt a motion approving the lease agreement between Transit Joint Powers Authority of Merced County (The Bus) and the City of Merced and authorizing the City Manager or the Assistant City Manager to execute all necessary documents.

Consent Item Passed Introduced December 11, 2019

What this record is

Amount: $33K
Runs until: December 11, 2024 already ended calculated from the contract term stated in the record
Type: amendment
Field: Vehicles & equipment

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

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: December 11, 2019
On agenda: February 3, 2020
Passed: February 3, 2020