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HomeMy WebLinkAboutStaff Report 13443ŝƚLJŽĨWĂůŽůƚŽ;/ηϭϯϰϰϯͿ ŝƚLJŽƵŶĐŝů^ƚĂĨĨZĞƉŽƌƚ DĞĞƚŝŶŐĂƚĞ͗ϭϮͬϭϯͬϮϬϮϭ City of Palo Alto Page 1 dŝƚůĞ͗WƌŽƉĞƌƚLJ>ĞĂƐĞƐŶƚĞƌĞĚŝŶƚŽďLJŝƚLJDĂŶĂŐĞƌhŶĚĞƌWĂůŽůƚŽ DƵŶŝĐŝƉĂůŽĚĞ^ĞĐƚŝŽŶϮ͘ϯϬ͘ϮϭϬ;ŚͿ͕ĂŶĚZĞƉŽƌƚĞĚWĞƌ^ĞĐƚŝŽŶŽĚĞ Ϯ͘ϯϬ͘ϳϭϬ&ŝƐĐĂůzĞĂƌϮϬϮϭ &ƌŽŵ͗ŝƚLJDĂŶĂŐĞƌ >ĞĂĚĞƉĂƌƚŵĞŶƚ͗ĚŵŝŶŝƐƚƌĂƚŝǀĞ^ĞƌǀŝĐĞƐ This is an informational report and no Council action is required. /^h^^/KE Palo Alto Municipal Code (PAMC) Section 2.30.710 requires an annual report to the Council of all leases and rentals of city property with third parties approved by the City Manager. This list excludes leases specifically approved by the City Council. The attached reports transmit the information (Attachment A) for fiscal year (FY) 2021 as required by the PAMC. PAMC Section 2.30.210 (h) authorizes the City Manager to award and sign contracts to rent, lease, or license city property to other parties regardless of the price for a term not exceeding three years. The City Manager may enter into and sign contracts to rent, lease, or license property at the Cubberley site for terms up to five years. Total Rental revenues for the leases authorized by the City Manager for FY 2021 totaled $401,867. The total rent revenues for FY 2021 is nearly 50% less in comparison to FY 2020 (CMR 11748). Due to the COVID-19 pandemic and the resulting shelter in place order issued by the County of Santa Clara, the City offered certain tenants the ability to defer up to three months of rent. Total Rent deferred for the leases authorized by the City Manager for FY 2021 totaled $17,638. Rental agreements require deferred rent to be repaid in 12 equal monthly installments beginning January 1, 2021 through December 1, 2021. In addition to the rent deferral, City Council approved a rent forgiveness program (CMR 12234) for qualified tenants. ƚƚĂĐŚŵĞŶƚƐ͗ •ƚƚĂĐŚŵĞŶƚϮϯ͘Ă͗Attachment B: FY 2021 List of Rent Deferrals •Attachment23.b:Attachment A: FY 2021 List of Lease Agreements 22 Packet Pg. 356 /dzK&W>K>dK D/E/^dZd/s^Zs/^WZdDEdͬZ>^dd/s/^/KE &zϮϬϮϭŶŶƵĂůZĞƉŽƌƚʹ>ĞĂƐĞĞĨĞƌƌĞĚŐƌĞĞŵĞŶƚƐŶƚĞƌĞĚ/ŶƚŽ LJŝƚLJDĂŶĂŐĞƌhŶĚĞƌWD^ĞĐƚŝŽŶϮ͘ϯϬ͘ϮϭϬ;ŚͿ;ŽƌŐĂŶŝnjĞĚďLJŐƌĞĞŵĞŶƚĂƚĞͿ EƵŵďĞƌWƌŽƉĞƌƚLJ ĚĚƌĞƐƐ WƌŽƉĞƌƚLJͬ^ƉĂĐĞ dLJƉĞ ^ƋƵĂƌĞ &ŽŽƚĂŐĞ dĞŶĂŶƚDŽŶƚŚƐ ĞĨĞƌƌĞĚ dŽƚĂů ĞĨĞƌƌĞĚ ZĞŶƚ ŐƌĞĞŵĞŶƚ ĂƚĞ ϭ4000 Middlefield Rd Cubberley Community Center 720 Jennifer Gonsalves April, May, June $2,052 7/22/2020 Ϯ4000 Middlefield Rd Cubberley Community Center 720 BrainVyne April, May, June $4,051 8/17/2020 ϯ4000 Middlefield Rd Cubberley Community Center 1,700 Silicon Valley Karate April, May, June $11,535 8/24/2020 ^hDDZzʹ>^&ZZ'ZDEd^hEZWDϮ͘ϯϬ͘ϮϭϬ;ŚͿ Number of Transactions FY 2021 Total Deferred Revenue Total 3 $17,638 22.a Packet Pg. 357 dd,DEd Attachment A - 1 /dzK&W>K>dK D/E/^dZd/s^Zs/^WZdDEdͬZ>^dd/s/^/KE &zϮϬϮϭŶŶƵĂůZĞƉŽƌƚʹ>ĞĂƐĞŐƌĞĞŵĞŶƚƐŶƚĞƌĞĚ/ŶƚŽ LJŝƚLJDĂŶĂŐĞƌhŶĚĞƌWD^ĞĐƚŝŽŶϮ͘ϯϬ͘ϮϭϬ;ŚͿ EƵŵďĞƌWƌŽƉĞƌƚLJ ĚĚƌĞƐƐ WƌŽƉĞƌƚLJͬ^ƉĂĐĞ dLJƉĞ ^ƋƵĂƌĞ &ŽŽƚĂŐĞdĞŶĂŶƚdĞƌŵDŽŶƚŚůLJdŽƚĂů&z ZĞŶƚΎ ŐƌĞĞŵĞŶƚ ĂƚĞ ϭ 4000 Middlefield Road - Room H5 Cubberley Community Center 1,395 Avenidas Month to Month $1,827 $21,929 7/7/2020 Ϯ4000 Middlefield Road - Room D1 Cubberley Community Center 400 Palo Alto Humane Society Month to Month $438 $5,259 7/15/2020 ϯ 1925 Embarcadero Road Airport Land 13,250 Swickard Palo Alto Corporation 3 years $10,600 $106,000 8/18/2020 ϰ 1903 Embarcadero Road Airport Land 15,977 and 3 tie- downs Rossi Aircraft, Inc. 2 years $14,306 $143,063 8/18/2020 ϱ 474 Embarcadero Road Lawn Bowl 70,000 Palo Alto Lawn Bowls Club 3 years $1,165 $11,647 8/31/2020 ϲ 1237 San Antonio Road Old Los Altos Treatment Plant (LATP) Land 4,000 Precision Engineering 7 months $3,000 $21,000 9/28/2020 ϳ1237 San Antonio Road Old Los Altos Treatment Plant (LATP) Land 5,000 TW Powerline 2 months $4,000 $8,000 9/29/2020 ϴ4000 Middlefield Road - Room T5 Cubberley Community Center 469 Project Safety Net Month to Month $1/year $1 10/26/2020 ϵ4000 Middlefield Road - Room U4A Cubberley Community Center 360 Chandrika Marla 2 years $396 $2,772 11/2/2020 ϭϬ4000 Middlefield Road - Room U4 Cubberley Artist Studio 360 Malte Renz 2 years $396 $2,772 11/5/2020 22.b Packet Pg. 358 dd,DEd Attachment A - 2 EƵŵďĞƌWƌŽƉĞƌƚLJĚĚƌĞƐƐWƌŽƉĞƌƚLJͬ^ƉĂĐĞdLJƉĞ^ƋƵĂƌĞ&ŽŽƚĂŐĞdĞŶĂŶƚdĞƌŵDŽŶƚŚůLJdŽƚĂů&zZĞŶƚΎŐƌĞĞŵĞŶƚĂƚĞ ϭϭ4000 Middlefield Road - Room F2 Cubberley Artist Studio 480** Barbara Boissevain 2 years $470 $2,822 11/18/2020 ϭϮ Extended Day Care Spaces Extended Day Care Spaces 15,240 Palo Alto Community Childcare 2 years $10,034 $60,206 12/7/2020 ϭϯ 1711 Stanford Avenue Nixon School Day Care 1,440 Kids Choice 1.5 years $925 $4,627 12/18/2020 ϭϰ1901 Embarcadero Road Airport Land 462 and 5 tie-downs JATO Aviation LLC 1.5 years $2,135 $10,673 12/23/2020 ϭϱ250 Hamilton Avenue City Hall 9 Oh My Green, Inc. 6 months $100 $600 4/13/2021 ϭϲ 1237 San Antonio Road Old Los Altos Treatment Plant (LATP) Land 6.64 acres Santa Clara Valley Water District 1 year $0 $0 5/3/2021 ϭϳ 1237 San Antonio Road Old Los Altos Treatment Plant (LATP) Land 9,000 Graham Contractors 13 days $896 $896 6/14/2021 22.b Packet Pg. 359 dd,DEd Attachment A - 3 ^hDDZzʹWD^d/KEϮ͘ϯϬ͘ϮϭϬ;ŚͿ'ZDEd^ Number of Transactions FY 2021 Total FY2021 Revenue Resulting from New Lease Agreements Total 17 $401,867 *Please note that tenancy terms range from 13 days to eighty-four months for the tenants. **Tenant changed suites, square footage, and rent payment changed. 22.b Packet Pg. 360