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HomeMy WebLinkAbout0445.091(Ill sta1eI 'MIII _______ B---, october 10, 1991 HONORABLE CITY COUNCIL Palo Alto, California ~ERLEY SgBL!1t.BES AND SUBL~~! RATES MemDers of the Council~ R.eport in Brief Now that the CUbberley Master Plan has been approved and the CO!'lditional Use Permit has been approved, staff is ready to impleaent a lease plan. This report requests Council approval of the proposed general lease plan and the delegation of lease­ specific approvals to the City Manager. Background On March 7 I 1988, in anticipation of leasing space from the Palo Alto unified School District (PAUSD) to artists and nonprofit organizations. Council directed staff. a.rnong ct-her things, to advise Council on the terms of subleases for the interim space at the Jordan Schoel site. In a staff report dated April 28, 1988 CMR:259:8, staff recomme~ded the rental rate be based on a prorated share of the maintenance and utility costs for the site. That per­ square-fact cost ~as $.50. Council revised that figure to $.33 1/3 per sq. ft. for artists and $.55 per sq. ft. for nonprofit organiz.ations {CMR: 297: 8) _ The lease 'With the District for the Jordan site was temporary in order to provide the District vith time to analyze their space needs. CMR: 445:!H staff's goal in leasing the CUbherley site is to establish rental rates that ~ill, in the aggreqate, cover the cost. of the "pass through-lease pa2~ent to PAVS~ and utility costs related to the tenants. When the City leased CUbberley from the FAUSD in 1990, the annual lea$e payment was calculated to include an amount equal to the income the District -was then deriving from its leases at CUbberley. Tbe initial amount was $1 million, 'Which increases 3nnually by the increase in the local Consumer Price Index (CPI). While this amount has heen referred to as "pass through" lease revenue in the past, it is import:1nt to understand that regardless of how much lease income the City actually realizes at Cubberley, it is obligated to pay the Sc;!locl Dist.rict annually an amount equal to $1 million for 1990, increased by the CPI for each subsequent year. When the District estimated its lease revenue from the site as $1 million, it did so on a gross rent basis, not net of utilities or maintenance costs~ In fiscal year 199Q-91, utility charges for the ~ite totalled $175,000 (which equates to roughly $.09 per sq. ft.). It is sta.ff's intent to have non-subsidized tenants pay for those costs. The purpose of setting rental rates and passing thro~qh utility costs is to ensure that sufficient funds are available for ~aintenance and improvements at CUbberley. To ~~e extent that lease income falls below the amount required to be remitted to the PAUSD and utility costs, the difference ~ould have to be cade up from ~tility users tax monies set aside from maintenance and capital improvements. proposed ,Sublease Pl,a2!. staff proposes rents be divided among the various user groups so that current market r3te tenants subsidize some of the rent for the non-prorit, dance and ar~ist tenants~ In other words, there is approximately 92,936 sq. ft~ of net rentable space at the Cubberl~y Site. If e03ch 'tenant paid $1.00 per sq. it., the goal of $ 1 million ~ould be met. However, the $1.00 per sq. ft~ rate wo~ld be too high for the artists, rlonprofits and dance groups, as suggested by the public comments receivEd during the council discussion regarding the Jordan rent process~ Statf proposes the establish­ ment of three classes at rent. Th~ non-subsidized rental rate would range from $1.09 to $1.39 per sq. ft., depending on term and space; the subsidized nonprofit and dance rate 'Would be $.65 per sq. ft4; and the rate for artists would be $~J9 per sq. ft. Attached as Exhibit -A-is a ~ap that shows the CUbherley Site wing hy wing and room by room~ The wings are lettered and the rooms are numbered~ The site will be subleaoed in accordance 'With the Master Plan, with the exceptio~ of the 0 and K ~inqs, ~hich were desig­ nated fo~ use by Foothill College. Due to reductions in Foothill's budget and space needs, staff proposes preparing a Request for proposal (RFP; for a three-year sublease for the K wing for child CMR:445:91 2 i! , \ . " t I :i • ~ - • . ~.--.","--- day care purposes. The D ~inq roo~s 1, 2, 3 and 4 and H 2~3 ~ould remain with existing tenants on an extended three year sublease term. Gym B# the theater, the multipurpose room and rooms 1, 4 and 6 in the H wing and 0-5, 6 and 7 are proposed to pe rented on a~ hourly basis. Based on last year's experience and the high demand for hourly use, staff anticipates annual revenues from hourly usage to be about $150,OC'0. Currently, L-l is being usea by Theatre Works' -Black Box" rent free. Room T-2 and Room H-5 are used by Cl.ty staff for training and ac:lministrative purposes. Exhibit iIIB­ indicates the proposed sub-tenants and lease rates. pelegation of A".Ith::.:ri ty to city xanager rhe Palo Alto Municipal Code ,FAMe) regulations currently allow the City Manager to lease City property for a ter.m not to ~~ceed one year (PAMe Section 2.30.040). All other real property leases for more than one-year terms must he approved by Council and signed by the Mayor~ Because of the complexity and time sensitivity of the leasing process, staff requests the Counci 1 authorize the City Manager to enter into subleases at CUbberley for terms exceedinq one y~arr not to exceed 5 years, based on the proposed sublease and rate plan. ~~y leases entered into by the City Manager will be include~ in the annual report to Council on property agreements under PAKe 2.30.C'O(c). Enviropellital nip_act ~SR.!lBment The negative declaration prepared foC' the CUbberley Kaster Plan and adopted by the City Council on Hay 6, 1991, sufficiently addresses any possible si9nificant environmental impacts associated 'With this project. ~a.commend.tions Staff recommends that Council: AuthoriZe the city Manager to execute subleases for the Cubberley site, based on the proposed lease and rate plan. CKR:445:91 J ,. -/>-." ,,>-.-,-. '.' . Respectfully submitted, .t'l~dtlA-..- WILLI~ W. FELLMAN _ ~Zi:::~ty~ager ~l,{~IS~ Oi ector ~nce -~ LEMING ~sistant City Ma ger Attachments. Exhibit A Exhibit B Relate4 Staff Reports CMR'259,S CMR: 297: 8 CC: Cubberley Steering Committee CMR:445:91 -__ ._<-o.~ ______ ~ ____ • o lENHlCI' A,B,C,I,J,W.ighl ;:1m' FC<:II"'~I CoRe!!. DI ,l, E?: \',1 ..... R,,,s\oorl D.l: ClW1es. lieadh'9 '=to"J'l'T1 • F4,.1IO: CaH/Qrtl'a EciJ~lklr, PI~tI ~1,4; 07: fM, (,UmJrtg C&<1r..­ K5.1.7: MotlQ C'l'IIk Sell O(ll P: Prq:>o:li.4ld ~oOl"lII -S"<Jl\e Vlcllm S,ll; Oljidr,n'3 Prud1(loO Cltl'llw Ut~ N,Ik:,,,,r Tr.lik Safluy l~,:llt\ .. \. ~":e""'~,::~~ •• ,,~ r;:;, Q SpKI. ,,,.',.. e 1 """"'a SWL01 '-- o " .... Iltbl. lIour1r !of C:Oorrullunjl!" us. ~<f ~I'b let It1"N~' .,... 1~1.''''''r.", '~I .. u,'_' ... ,.. .... I .. ~ .. t'''''J 4 •• '."~""~"'"'" 001\ 1"-' ...... 101<. 1/ft~1 •• 1." ... 1 O!"rl.~ .. Ut·llIl. 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