SUBJECT: Approval of a Three (3) Year Lease Agreement with James G. Moulton, Trustee, and Lynda S. Moulton, Trustee, for a 9,000 Square Foot Facility with Initial Base Rent of $6,750/NNN Per Month and the Option to Extend for an Additional Three (3) Years REPORT IN BRIEF Considers approving a three-year lease agreement with James G. Moulton and Lynda S. Moulton for property to be utilized by criminal justice agencies in Merced County. RECOMMENDATION City Council - Adopt a motion: A. Approving the lease agreement between the City of Merced and James G. Moulton, Trustee, and Lynda S. Moulton, Trustee; and, B. Authorizing the City Manager, the Deputy City Manager, or the Finance Office to make necessary adjustments and execute the document.

What this record is

Held by

Initial Base Rent 3 records across this site

Amount

$7K

Runs until

August 22, 2025 already ended calculated from the contract term stated in the record

Type

contract

Field

Real estate

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

Initial Base Rent also holds

SUBJECT: Approval of a Two (2) Year Lease Agreement with James G. Moulton, Trustee, and Lynda S. Moulton, Trustee, for a 9,000 Square Foot Facility wi… $9K Merced, CA ends Sep 5, 2027 SUBJECT: Approval of a Three (3) Year Lease Agreement with James G. Moulton, Trustee, and Lynda S. Moulton, Trustee, for a 9,000 Square Foot Facility … $5K Merced, CA ends Aug 23, 2022

Committee

City Council/Public Finance and Economic Development Authority/Parking Authority

Introduced

August 22, 2022

On agenda

September 19, 2022

Passed

September 19, 2022