The URL can be used to link to this page

Home My WebLink AboutAbdelmuti Development Company & Congressman Dana Rohrabacher - 2000-12-18f Council/Agency Meeting Held 2- Deferred/Continued to: Approved ❑ Conditionally proved 0 Denied Dy- it CI s Signature Council Meeting Date- December 18, 2000 Department ID Number= ED 00-49 CITY OF HUNTINGTON BEACH REQUEST FOR REDEVELOPMENT AGENCY ACTION r-: r SUBMITTED TO: HONORABLE CHAIRMAN AND REDEVELOPMENT AGENCY, MEMBERS = ,o SUBMITTED BY: RAY SILVER, Executive DirectoraW LJ PREPARED BY: David C_ Biggs, Director of Economic Development SUBJECT: Approval as to Form: Lease Between Abdelmuti Development Co. & Congressman Dana Rohrabacher, U S_ House of Representatives Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: The Owner participation Agreement between the Agency and Abdelmuti Development Company requires the Agency to review and "Approve As To Form" all leases within the office space of the Oceanview Promenade building. Funding Source: Redevelopment Tax Increment Recommended Action: MOTION TO: Approve as to form the attached lease between Abdelmuti Development Company and Congressman Dana Rohrabacher, U-S. House of Representatives. Alternative Actions): Do not approve the lease as to form. Analysis: On May 28, 1991, the Agency entered an Owner Participation Agreement (OPA) with the Abdelmuti Development Company for the Oceanview Promenade building which was amended in November 1991 to establish the "Guaranteed Rental Rate." The Agency's obligation is based on the rent collected from office space on the second floor and one-half of the third floor, approximately 20,600 square feet in total_ If actual rents are less than the guaranteed rate, the Agency pays the difference (the "Rent Differential Payment"). The attached lease represents the leasing of the Third Floor, Suite 3C, 1,670 rentable square feet starting January 1, 2001 for a term of two (2) years ending December 31, 2002. The person leasing the space is an existing tenant. The rate per square foot for two years is $1.80 per square foot. The lease rate is higher than the amount ($1.70) established as the fair market value in the appraisal commissioned by the Agency in 1999. Y J Environmental Status: NIA Attachments : Lease between Abdelmuti Co. and Congressman Dana Rohrabacher, U.S House of Representatives. RCA Author T. Andrusky x1530 J Lease Between Abdelmuti & Congressman Dana Rohrabacher, U.S. House of Representatives ATTACHMENT #1 Dec ?-00 04:25pr. From-R'JTAN i TUC'd:-R LLB TAN &CKER A 7 7 O R N E* 5 AT LAW n PAr-1 l'],,0 ,..CIuU,I.0 PSOFESt-c/rru COCPOF•TIONi 611 ..nTOn Lc.,V.CWr &D FOogl[[nTR F_OOIZL ipSTAw1ESA CAI,EOen1A�=.i�.lyre QWICT •u wr.16 TO POST Cord[[ DOa 1750 COST, h.,Si C.,Iyokr.4A 7_..s.l"St 'C,IPnONE 71..aw1-51C0 F.C4.ww1:E 714•54.-9411 ,nT(£n;T AOUKIsS w ...UA CC- D,rect 0111. t714) 641-3442 E-m of a'-0Ik;;Tt@r,,T.an cam VIA FACSIMILE AND FIRST CLASS MAIL Mr. Gus Duran + T-309 P D2105 F-5H w - •wT. y .: r:. . -1.- - .-hJ ..w. ..-r> . -,0W .-....-r c..cwr. ,. ,tk: +r.. aora.r , 0 - .-no- c...r,., - D.•c..oar .. . .. rafGF.C.w. ..Cw.T .O..... �..-...-..,-...+1+ ,.aC. ,....Dt. a..�•. rrt..ar c.t...n Duo-.. Icw 0 ..A../Dw -.--„ :�., D wR+al,[ .D...+-�..,a+ ..4, r.+.r0.. •.. �.1..., r.... ,o..w . n.....r- .t .4......c-w. •nr•... CO.aw ur . a-. .r...w D ...� ..Cw.1. w .--... r.C- C .e0cw.ero+ ...•w ..w.,. •.IDG«•.er ....,,....A.11. c.jI..o.�..,.D...... +-..+c.r•c+ .w.000a1� --. Z..r-- r.>rD..�••C.�Dvw . .a ..bop- ,...(. 1 T - .a..c.. t...D,.. - ......'. r.... r...-.,- ,..... ..att., rt.r C ....... Zr•o <.ri...w _...... [..,- ...... clan. .,.+o,e,...e..w- ,..w.n....-,...o.. •.cw..D / r.-, -.twww • .. �laa t..4 � L.T, ...rr •. -.r/ ,D..w T �.e... .•.-... O •Y.. 7.b-.. • C W, r.?— D -+t«.. t- M.I.Ir Tw -rr,• �ri.D+..J..r.w ..,•..T C far.+ .+i. a .....n a{wyD r war"µ w.r-{ arl...D D.,-Ow. a... h �w.•. .or.....u.• s ... u . -... c: -... -�.t _..o, - a-a.w.m- w.O+.e+O+. a.• G -..0[ „rw•b D...D- w0cw.[a w.--TD. .. ..Mw.-.f1..I� :Nrose .~+.wn Dv.. .~ •...O+.ST -.Karr.-D. O+• • r.-.e. Sw.. a y,C+-.. D . . .w....DC-O•Tt. -.1,GM. w.G%w.. 1 .w+r.C....• .i. C .. .trr...rw// +r•1 r af•,.. /.. ter/ r w.c.-ram ..('..Q v �u•a•- OD,...--• ..-r•.. .Orr •. --c... Ilw•c., cw-w evert.. L...co- .T.w wa,con• . .,7 -..r.� C( ...Cr. eoil.r r ...e oe eo.r-... .nw., a •O.-:1 .--D r..C-..O- Dlt4 P.++,..n M,.- D..N..- -�t[ ..ry !.•.q. a.[.. a.. h.T.t w. a ...a.r.( D-•.D. c...r•,u. -. . r.T - c,.. ru. W- ..,. -. ff cc.. .nl -.w .,c•.w -.A. wrea..a. -. QD c-0 •. ...Or lno_ ,....,. -a-ILL.a.T.-1.•• rw. rrr.r., daD ---.D.• 1,.0 cG.. ,,O- December 7, 2000 Redevelopment Agency of the City of Huntington Beach 2000 Main Street Huntington Beach, California 9264S Re: Redevelopment Agency Approval of Congressman Rohrabacher Lease Amendment-, Ocean View Promenade, Huntington Be" California Dear Gus: As we have previously discussed, enclosed please find the final form of the above - referenced Lease Amendment for review and approval by the Redevelopment Agency of the City of Huntington Beach (the "Redevelopment Agency"). The Amendment extends the existing tenancy set to expire on December 31, 2000 to December 31, 2002. The base rent for the extension term has increased to $3,006 00 per month ($1.80 per square foot) up from $2,588 50 per month (S1.55 per square foot). Pursuant to the Owner Panicipation Agreement between Abdelmuti Duvelopment Company and the Redevelopment Agency, we hereby formally request your approval of the 1_ea5, Amendrnem «ithin fifteen (15) business days of this rec,ueSl for approval. Because the Congressman's Lease is set to expire at the end of the year, we ask that you expedite the approval process- -'07,e-52ne.D01 14 L730 01 .12,01n:U DEC-07-2000 16:23 + 99% P.02 Dec-07-00 04:2`am From-RUTAN & TUCKER LLP, '�tJTAN i CKER) Mr. Gus Duran December?, 2000 Page 2 me. T-388 P 03/05 F-556 0 Should you have any questions regarding the foregoing, please do not hesitate to contact Very truly yours, RUTAN & TUCKER, LLP Adam N. Volkert ANV :ks enc_ cc: Mr. Mike gbdelmuti (via facsimile w/enc.) '6"10+49.o.oaul i117ie01 al2'07'QU ctC-a7-20ee L6:24 P.93 Dec-N-00 a4:ZEon From-R'UTAH I TUCKER LLP, i • T-388 P 04105 F-556 SECOND AMENDMENT TO OFFICE SPACE LEASE This Second Amendment to Office Space Lease (this "Amendment") is dated for reference purposes as of _ _ Y , 2000, by and between ABDELMUTI DEVELOPMENT COMPANY, a California partnership ("Landlord"), and CONGRESSMAN DANA ROHRABACHER., U.S. House of Representatives ('-Tenant"). RECITALS: A- Landlord and Tenant have previously executed that certain Office Space Lease dated February 5, 1998, as amended by that certain First Amendment to Office Space Lease dated December 21, 1998 (collectively, the "Lease'l, demising to Tenant One Thousand Six Hundred Seventy (I,670) rentable square feet of space designated as Suite 3C (the "Premises") in the building known as Occanvicw Promenade (the "Buildinel. B. Tenant desires to extend the term of the Lease for an additional two (2) years on the same rerms and conditions set forth in the Lease, except as otherwt sse a f&6—herherein. C. The parties now desire to amend the Lease, pursuant to Secoon 20.3 thereof, as more particularly set forth below. NOW, THEREFORE, for fair and valuable consideration, the receipt and adequacy of which is hereby acknowledged, Landlord and Tenant agree as follows: I. Extension of Lease Term. The term of the Lease which was otherwise set to expire on December 31, 2000 shall be extended to December 31, 2002. 2. Basic Monthly Rent. As of Yanuary I, 2001, the basic monthly rent for the Premises shall be increased to Three Thousand Six Dollars ($3,006.00). 3. Effective Date. This Amendment is conditioned upon the approval of this Amendment by the Redevelopment Agency of the City of Huntington Beach (the "Agency"), and in the event the Agency disapproves the Amendment, it shall become null and void. 4. Conflict. In the event of a conflict between this Amendment and the Luse, the terns of this Amendment shall control. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) 167A c o!; 0-0001 137p2992 al v22.,M DEC-07-2000 16:24 + 99% R.04 DOC-07-00 94:2Eam From-&UTAN i TUCKER S'. ; T-399 P 05/05 F-556 • • 5. Full Force and Effect. Except as specifically modified herein, the Lease remains in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above. ABDELMUTI DEVELOPMENT COMPANY, a California general partnership By: Ahmad H. Abdelmuti, general partner UPTIN-9 • "a• CONGRESSMAN DANA ROHRABACHER, U.S. House of Representatives By: DANA ROHR.ABACHER -TENANT" 267101•a204001 l ] 76'9 07 .11 i22M DIC-07-20ee :6:24 -2- + 99% P.e5 0 0 RCA ROUTING SHEET INITIATING DEPARTMENT: Economic Development SUBJECT: Approval as to Form: lease Between Abdelmuti Development Co. & Congressman Dana Rohrabacher, U.S. House of Representatives COUNCIL MEETING DATE: December 18, 2000 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (wlexhibits & legislative draft if applicable) Not Applicable Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (wlexhibits if applicable) (Signed in full by the City Attomey) Attached Subleases, Third Party Agreements, etc. (Approved as to fomn by City Attomey) Not Applicable Certificates of Insurance (Approved by the City Attomey) Not Applicable Financial Impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If applicable) Not Applicable Commission, Board or Committee Report (If applicable) Not Applicable Findings/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff Assistant City Administrator (Initial) ( ) { ) City Administrator (Initial) { ) { ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: RCA Author T. Andrusky x1530