HomeMy WebLinkAboutAgenda Report - July 17, 1996 (72)OF •DI COUNCIL COMMUNICATION
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AGENDA TITLE: Consent to Lease Assignment on behalf of Lodi Boys and Girls Club, Inc.
MEETING DATE: July 17, 1996
SUBMITTED BY: Randy Hays, City Attorney
RECOMMENDED ACTION: That the City Council approve the landlords consent thereby
consenting to the assignment of the lease between the Lodi
Boys and Girls Club, Inc. with the City of Lodi to the Pacific
State Bank.
BACKGROUND INFORMATION: By lease dated December 15, 1993, the City of Lodi leased
ground to the Boys and Girls Club of Lodi. The lease covered approximately 29,000 square feet of
property in the southeast corner of Blakely Park. The lease has a term of 55 years. The purpose of the
lease was to provide ground upon which the Boys and Girls Club could build facilities to accommodate
their operations.
The Boys and Girls Club has arranged a loan in order to assist them in consolidating their debts with
Pacific State Bank. As part of that transaction the Bank is requesting that the City consent to an
assignment of the mentioned lease to the Bank. Language is included in the consent which provides that
the Bank should it need to operate directly under the lease, will only do so in a manner consistent with
the lease. In addition I would point out that the property that is covered by the lease is zoned public.
Property which bears this zoning classification by its very definition, results in the property only being
able to be used for public purposes. The City has been active in providing funds for the development of
the facilities at the Boys and Girls Club. Acting as requested would continue the City support for that
program as well as assisting the program in managing its debt.
FUNDING: None.
RAND A. HAYS, Crty orney
APPROVED:
k D. FLYNN
City Manager