1994 AGN APR 05 I08 - Laserfiche WebLink

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AGENDA REPORT CITY OF COLTON For City Council Meeting of April 5, 1994 March 28, 1994 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: Julie Hayward Biggs, City Att`9 SUBJECT: Teen Center Lease As requested at the Council meeting on March 15, 1994, the attached lease agreement has been revised in accord with the directions of the City Council. A meeting was also held with Mr. Art Sweet regarding the arrangements to be made by the City with regard to sharing revenues from any roller -blade operation that may later occupy a part of the leased premises. As Mr. Sweet is not involved in that operation, however, the City will need to negotiate the terms of any sublease that may be required with the operator of that facility. AT the present time, Mr. Darryl Parrish is working with Mr. K.L. Goldstein to reach such an agreement. The lease agreement as now written allows the City full discretion with regard to subleasing to a roller -blade operation during the one year term of the lease. Depending on the results of negotiations now underway, the City will have the option of renewing the lease at the end of one year at a significant increase in rent. The City will have the opportunity to determine over the course of the first one year term, however, whether such an arrangement is in the best interests of the City. Concurrence: y City M ag