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HomeMy WebLinkAboutStaff Report 235-07TO: City of Palo Alto City Manager’s Report 7HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE: SUBJECT: MAY 14, 2007 CMR: 235:07 AMENDMENT NO. 2 TO LEASE WITH THE ELIZABETH GAMBLE GARDEN FOR PROPERTY LOCATED AT 1431 WAVERLEY STREET, EXTENDING .THE TERM FOR TWENTY YEARS RECOMMENDATION Staff recommends that Council authorize the City Manager to execute the attached amendment No. 2 to the lease with the Elizabeth F. Gamble Garden Center (Gamble Garden) for the City- owned property at 1431 Waverley Street. The amendment will extend the lease for 20 years, starting August 31, 2017 (See Attachment A). BACKGROUND On May 13, 1985, CounciI approved the Garden Center concept for the Gamble property at 1431 Waverley Street. On September 10, 1985, Council approved the Elizabeth F. Gamble Garden Articles of Incorporation and awarded an Option to Lease for the purpose of developing and operating a public garden. On August 31, 1987, Gamble Garden exercised its option and entered into a 20-year lease. The lease includes one 10-year option to extend the term and a second option for further extension upon mutual agreement by the City and Gamble Garden. On September 12, 1994, Council approved Gamble Garden’s request to exercise its option to extend the lease for an additional 10 years, until August 31, 2017. DISCUSSION Gamble Garden has requested a twenty year extension of its lease of 1431 Waverley Street (see Attachment B, January 23, 2007 letter). As stated in its letter, Gamble Garden would like to enlarge its endowment fund, and the lease extension will make the endowment fund monetary drive feasible and assure granting agencies of the longevity of the Gamble Gardens organization. Gamble Garden has been a good steward of the property, having invested over $650,000 in leasehold improvements over the last twenty years with money raised from private funds. The property is visited by approximately 25,000 visitors annually and is open to the public 365 days a year at no cost. Gamble Garden provides benefits to the community including horticultural classes and workshops, exhibits, demonstration gardens, a library, rental of the facilities, elementary school and senior programs, tours, plant clinics, art and photography classes, and two community events per year, Spring Tour and Community day. CMR:235:07 Page 1 of 2 The Gamble Garden estimates a total need of $1,000,000 to be raised for the endowment and property improvements. Details of the estimate are included in the attached March 27, 2007 letter (Attachment C). RESOURCE IMPACT Extension of the lease will have no fiscal impact to the City. POLICY IMPLICATIONS Exercising the option to extend the lease does not represent any change to City policies. ENVIRONMENTAL REVIEW Extension of the lease is categorically exempt from the Requirements of the Environmental Quality Act (CEQA) under Section 15301, existing facilities. California ATTACHMENTS Attachment A: Amendment No.2 to Lease Attachment B: January 23, 2007 Letter Attachment C: March 27, 2007 Letter PREPARED BY: WILLIAM W. FELLMAN Manager, Real Property DEPARTMENTAL HEAD APPROVAL: CITY MANAGER APPROVAL: cc:Elizabeth Gamble Garden FRANK BENEST City Manager CMR:235:07 Page 2 of 2 ATTACHMENT A AMENDMENT NO. 2 TO LEASE WITH THE ELIZABETH F. GAMBLE GARDEN CENTER FOR THE PROPERTY LOCATED AT 1431 WAVERLEY STREET, PALO ALTO ~ THIS AMENDMENT NO. 2 to the August 31, 1987 lease ("Lease") with The Elizabeth F. Gamble Garden Center for the property at 1431 Waverley Street, Palo Alto, is made and entered into this day of__, 2007, by and between the City of Palo Alto, a municipal corporation ("Lessor") and The Elizabeth Gamble Gardens, a community horticultural foundation ("Tenant"). RECITALS No Lessor and Tenant entered into the Lease on August 31, 1987, for Tenant to develop and operate a public garden center on the Gamble Property. On February 17, 1995, Amendment No, 1 to the Lease extended the term for an additional ten (10) years until August 31, 2017. Co The Lease provides the Tenant with the option for a further extension subject to conditions and by mutual agreement by Tenant and Lessor. Do The parties now desire to amend the Lease to extend the existing lease term for an additional twenty (20) years. Tenant has been a good steward of the Gamble property and provided community benefit through its operations and programs. The additional 20-year term will make Tenant’s Endowment Fund monetary drive feasible by assuring granting agencies of the longevity of Tenant’s management of the Gamble property. E.The Tenant has satisfied the conditions required to extend the Lease. NOW, THEREFORE, in consideration of the following covenants, terms and conditions, the parties hereto agree. Section 1. Pursuant to the terms of Section VI of the Lease, Tenant is hereby permitted to extend the term of this Lease for an additional twenty year period, commencing August 31, 2017 and terminating August 31,2038. Section 2. force and effect. All provision of the Lease not amended herein, shall remain in full IN WITNESS WHEREOF, the parties have executed this Amendment No. 2 to the Lease as of the date first written above. CITY OF PALO ALTO TENANT: Assistant City Manager ATTEST: City Clerk ELIZABETH F. GAMBLE GARDENS, a Comml~n,i,ty Horticultural Foundation Name.’~~. Title: ,APPROVED AS TO FORM: Sr. Asst. City Attorney APPROVED: Director, Administrative Services 2 E L I Z A B E T H GAhIBLE GARDEN January23,2007 Bill Fellman Director of Real Property City of Palo Alto 250 Hamilton Avenue Palo Alto CA 94301 ATTACHMENT B Regarding: Elizabeth F. Gamble Garden Lease Extension Our current lease expires 2017 and we would like to extend the expiration to 2037. The original lease was executed August 31, 1987. The City of Palo Alto granted us a 10 year extension of the original lease term on FebmarT 17, 1995. The Board of Directors of the Elizabeth F. Gamble Garden requests a t~venty year extension of our lease of 1431 Waverley Stxeet which we have developed as a public garden. We are developing a program to enlarge our Endowment Fund and are pursuing grants to further improve the property. The lease extension will provide a mechanism for accepting a wide variety of charitable gifts, bequests and assets malting an Endowment Fund monetarT drive feasible and assuring granting agencies of the longevity of the managing organization. We believe we have been good stewards of the property. We have invested over $650,000 in leasehold improvements over the last twenty years with money raised from private funds. Last year alone, we invested $82,000 in property improvements. The property is visited by approximately 25,000 visitors annually. We continue to be open tothe public 365 days a year at no cost. We have two events per year that are well received by the community: Spring Tour and our Community Day in the fall. Each event draws families here for horticultural education or just plain fun and enjoyment: Attached for your information is our most recent Annual Report to the Community, financial statement and the brochures used in our outreach. While ~ve have had the pleasure of recently meeting several people from the City, we xvelcome a visit from aW and all interested parties at any thne. This lovely garden is in good hands and ~ve would like the opportunity to continue to manage it for an additional twenty years. A lease extension at this thne ;vould facilitate our Endowment program which in turn xvould help the Elizabeth F. Gamble Garden become an even greater asset to the City of Palo Alto. President Attachments WAVERLEY STREET PALO ALTO CA 943oi0364o 65o-3z9-I356 FAX 65o-3z9-I688 www.gaml, legarden.org E L ! Z A B E T H GAbIBLE GARDEN March 27, 2007 ATTACHMENT C Bill Fellman Director of Real Property City of Palo Alto 250 Hamilton Avenue Palo Alto, CA 94301 Regarding: Elizabeth F. Gamble Garden Lease Extension The Elizabeth F. Gamble Garden has invested over $650,000 in leasehold improvements over the last twenty years with money raised from private funds. Last year alone, xve invested $82,000 in property improvements. Fundraising for infrastructure or property improvements always brings with it questions of how long we will be managing the property since the improvements such as a new roof or in-igation systern come with big price tags and Usage warranties for many years. We estimate a total need of $1,000,000 to be raised for our Endowment and direct property improvements. Analysis of this projection is as follows: Refurbish Tea House Exterior and Interior Refurbish Main House Interior Building(s) Roof Building(s) Painting Pest Control Irrigation and hardscape in the garden Children’s structure Endmvment addition to support Horticulturist Total Funding Necessary: $ 250,000 $ 4o,ooo $ 5o,ooo $ 50,000 $ 10,000 $ 25,000 $ 75,0o0 $ 500,000 $1,000,000 The only item that may need further discussion is the addition to the Endoxvment to support the Horticulturist. Once again we are losing our Horticulturist. Due to lack of affordable housing in flxis area he is moving back to Oregon. We have had past success in finding horticulturists with appropriate background for the job but who lack adequate resources to be able to live close enough to Gamble to stay for any length of time. After consulting with other public gardens we find that they are supplementing salaries with living allowances. Today, our Endowment supports general operauons with modest capital increases and good investment management. We need to increase the Endowment with a capita! campaign, tosupport a fu!!- time horticulturist who can afford to stay at Gamble for much longer than 2.5 years. There is support for this type of campaign but we need to ensure donors that we will continue to be stewards of the property and its Endowment. We hope this is enough information for you to recommend a twenty-year extension of our lease from the City of Palo Alto. President I43I WAVERLEY STREET PALO ALTO CA 94301-364° 65o-329-1356 FAX 65o-329-I688 www.gamblegarden,org