HomeMy WebLinkAboutAgenda Report - February 6, 2013 C-10AGENDA ITEM C- 10
M� CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Authorize the City Manager to Execute an Assignment for City of Lodi and Delirium
Fitness, LLC, for Use of 125 N. Stockton Street
MEETING DATE: February 6, 2013
PREPARED BY:
City Manager
RECOMMENDED ACTION: Authorize the City Manager to execute an assignment for City of
Lodi and Delirium Fitness, LLC, for use of 125 N. Stockton Street.
BACKGROUND INFORMATION: The City of Lodi has owned the above -referenced property since
2000. The City previously rented the space to Jazzercise which
terminated occupancy in 2009.
P&K Fitness (Crossfit) has rented the space for the past two years. Crossfit is an alternative fitness
concept which uses basic equipment and exercise strategies with personalized training.
A provision of the agreement requires that the City approve any assignment of the lease. P&K fitness are
now requesting that the lease be assigned in its current form to Delirium Fitness, LLC. Delirium is owned
by a Lodi family which we believe will run the business in much the same way as P&K.
Staff is supportive of the assignment with no other changes to the agreement.
FISCAL IMPACT: Lease revenue for the Parks, Recreation and Cultural Services
Department.
FUNDING AVAILABLE: Not applicable.
APPROVED:
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1111 MWIF-M-21,0-
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am, City Manager