HomeMy WebLinkAbout1999-11-16; City Council; Resolution 99-5021
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RESOLUTION NO. 99-502
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF CAFUSBAD, CALIFORNIA,
APPROVING PAYMENT OF CERTAIN ITEMS
DUE UNDER THE LEASE AGREEMENT WITH
FARADAY BUSINESS PLAZA, LLC FOR THE
OFFICE BUILDING AT 1635 FARADAY
AVENUE, CARLSBAD, CA
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WHEREAS, the 1999-00 Capital Improvement Program
(CIP) contains funds for the lease/purchase of a building to provide
additional offices for City staff fi-om the Public Facilities Fees fund; and,
WHEREAS, the purpose of the building is to improve
customer service by providing a single location in which the needs of the
development and business community can be met and to improve internal
communications; and,
WHEREAS, the City Council approved a lease for the
building at 1635 Faraday Avenue, Carlsbad, California, on October 27,
1998; and,
WHEREAS, the lease requires certain payments to the
developer to pay for changes in the shell building, tenant improvements in
excess of the allowance and certain other negotiated payments for
construction delay.
NOW, THEREFORE, BE IT RESOLVED by the City
Council of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
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2. That the payment of $2,713,325 to Faraday Business
Plaza, LLC, as required under the lease agreement dated
October 15, 1998 is hereby approved.
3. That the City Manager is authorized to pay additional
invoices to Faraday Business Plaza, LLC, in payment of
tenant improvement costs as required under the lease
agreement up to a maximum of $100,000.
PASSED, APPROVED, AND ADOPTED at a regular
meeting of the Carlsbad City Council held on the 16th day of
November , 1999 by the following vote, to wit:
AYES: Lewis, Hall, Finnila, Nygaard, Kulchin
NOES: NONE
ABSENT: NONE
ATTEST:
A~~~~,LJ~TE~Z, City Clerk (SEAL) Karen R. Kundtz, Assistant City Clerk