Title
RESOLUTION AUTHORIZING THREE YEAR LEASE AGREEMENT WITH ARROWHEAD ECONOMIC OPPORTUNITY AGENCY FOR USE OF SPACE IN THE CENTRAL HILLSIDE CENTER.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into and execute a three year lease agreement, substantially in the form attached as Exhibit A, with the Arrowhead Economic Opportunity Agency (“AEOA”) for the exclusive use of certain space in the Central Hillside Center for AEOA’s program and services. Rent payments shall be deposited to Fund 110, Public Administration 121, Property and Facilities Management 1222, Rent for Buildings 4622.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes the city to enter into a three year lease agreement with the Arrowhead Economic Opportunity Agency (“AEOA”) for the exclusive use of two rooms in the Central Hillside Center totaling 310 square feet. AEOA is a non-profit corporation whose mission is to strengthen communities by providing opportunities for people experiencing social and economic challenges.
AEOA currently leases the space in the Central Hillside Center to house its energy, conservation, and weatherization assistance programs. The current lease agreement expires March 31, 2016, and the city wishes to enter into a new lease agreement for an additional three years. For consideration of the lease agreement, AEOA will pay the city monthly rent of $135.62 for the first year. The monthly rent shall increase five percent (5%) during each year of the agreement.