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File #: 20-1326    Version: 1 Name:
Type: Informational Report Status: Passed
File created: 10/7/2020 In control: Public Works
On agenda: 10/27/2020 Final action: 10/27/2020
Title: Exercise the Option to Extend the Term of the Lease for 555 H Street, Suites C and D in Eureka
Attachments: 1. Staff Report, 2. Exhibit A - Lease dated October 23 2007, 3. Exhibit B - First Option, 4. Exhibit C - Second Option, 5. Exhibit D - Amendment, 6. Exhibit E - Amendment's First Option

To: Board of Supervisors

From: Public Works

Agenda Section: Consent

SUBJECT:
.title
Exercise the Option to Extend the Term of the Lease for 555 H Street, Suites C and D in Eureka.
end

RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve exercising the option to extend the term of the lease for 555 H Street, Suites C and D in Eureka with PWM, Inc. and Fred Lundblade for the period beginning Mar. 1, 2021 through Feb. 28, 2022; and
2. Authorize Humboldt County Public Works Real Property to send a notice to PWM, Inc. and Fred Lundblade that the county is exercising the option to extend the term of the lease for one (1) additional year.

Body
SOURCE OF FUNDING:
Humboldt County Probation Department (1100 235)

DISCUSSION:
On Oct. 23, 2007, the county entered into a lease agreement with PWM, Inc. and Fred Lundblade (Lessor) for 2,600 square feet of office space at 555 H Street, Suites C and D, in Eureka. The lease term began on Mar. 1, 2008, and ended on Feb. 28, 2013 (Exhibit A - Lease dated Oct. 23, 2007).

On Dec.11, 2012, the Board approved the first option to extend the lease for a two (2) year term from Mar. 1, 2013, through Feb. 28, 2015 (Exhibit B - First Option).

On Dec. 9, 2014, the Board approved the second option to extend the lease for a two (2) year term from Mar. 1, 2015, through Feb. 28, 2017 (Exhibit C - Second Option).

On Feb.14, 2017, the Board approved an amendment to the lease to extend the lease for a three (3) year term from Mar. 1, 2017, through Feb. 29, 2020 (Exhibit D - Amendment).

On Jan. 14, 2020, the Board approved the amendment's first option to extend the lease for a one (1) year term from Mar. 1, 2020, through Feb. 28, 2021 (Exhibit E - Amendment's First Option).

Under the terms of the amendment, the county has the second option to extend the lease term for one (1) year from Mar. 1, 202,1 through Feb. 28, 2022, provided written notice is given to the Lessor sixty (60) days prior to the end of...

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