REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
VIA: Jennifer Villasenor, Director of Community Development
PREPARED BY: Kriss Casanova, Economic Development Manager
Subject:
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Approval of New Lease Agreement with Currents Outdoor, LLC for City-Owned Property at 10449 Adams Avenue
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Statement of Issue:
The City Council is asked to consider approval of a new lease agreement with Currents Outdoor, LLC for the operation of a wholesale nursery on City-owned property at 10449 Adams Avenue. The proposed lease establishes a five-year initial term with one optional five-year extension, sets fixed rent with annual increases, and allows for site improvements, including repairs, cleanup, and installation of a new irrigation system. The agreement also provides a minimum discount on plant purchases for City use and maintains the site's longstanding wholesale nursery operations in accordance with its Conditional Use Permit (which limits the property to a wholesale nursery use). Currents Outdoor, LLC has executed the lease and is prepared to begin operations and site improvements upon lease commencement, pending City Council approval.
Financial Impact:
The lease will generate the following revenue:
* Base Rent - Year 1: $2,620 per month
* Annual Rent Increases: 2% per year
Revenue will be deposited into the General Fund (10000100.43075 - Land Lease Income).
Recommended Action:
recommendation
Approve and authorize the Mayor, City Clerk, and City Manager to execute the lease with Currents Outdoor, LLC.
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Alternative Action(s):
Do not approve the lease and provide alternative direction to staff.
Analysis:
The City-owned parcel at 10449 Adams Avenue has operated as a wholesale nursery since 1985 under a Conditional Use Permit. The property includes an access easement to an adjacent Southern California Edison (SCE) parcel, which is currently occupied by PoolMax, and is...
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