FROM: James D. Herberg, General Manager
Originator: Lorenzo Tyner, Assistant General Manager
SUBJECT:
title
STATUS OF EARLY LEASE TERMINATION NEGOTIATIONS
end
GENERAL MANAGER'S RECOMMENDATION
recommendation
RECOMMENDATION: Receive and file the following:
Summary of Early Lease Termination Agreements.
body
BACKGROUND
The Orange County Sanitation District (Sanitation District) purchased properties north of Ellis Avenue across from the existing Plant No. 1 facilities. Some of these properties will be demolished to make room for a new administration building for the Sanitation District. However, these buildings have tenants, some of which have leases that expire years in the future. To facilitate the demolition of these buildings and expediate the construction of the new administration building, the Board gave the General Manager authority to begin negotiations with the tenants to terminate their leases early.
RELEVANT STANDARDS
• Ensure the public’s money is wisely spent
PRIOR COMMITTEE/BOARD ACTIONS
May 2019 - Board of Directors provide the General Manager authority to begin negotiations with the tenants in order to obtain early lease terminations.
ADDITONAL INFORMATION
N/A
ATTACHMENT
The following attachment(s) are included in hard copy and may also be viewed on-line at the OCSD website (www.ocsd.com) with the complete agenda package:
• Summary of Early Lease Termination Agreements