SUBJECT: Approval of Lease Agreement with the Merced City Chamber of Commerce, d.b.a. The Greater Merced Chamber of Commerce, for Tenant Space at the Ralph Shannon Parcade at 626. W. 18th Street for $1.00 per Month in Exchange for In-Kind Services REPORT IN BRIEF Considers a lease agreement with the Greater Merced Chamber of Commerce for 1,682 square-feet of office space located at 626 W. 18th Street for $1.00 per month from March 2020 to December 2020 in exchange for economic development related services valued at $15,000.00. RECOMMENDATION City Council - Adopt a motion: A. Approving the lease agreement between the Merced City Chamber of Commerce, d.b.a. the Greater Merced Chamber of Commerce and the City of Merced; and, B. Authorizing the City Manager or the Assistant City Manager to execute all necessary documents.

Consent Item Passed Introduced March 4, 2020

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: March 4, 2020
On agenda: March 16, 2020
Passed: March 16, 2020