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File #: A 14-217    Name: Creekbridge Apartments Lease Agreement
Type: BoS Agreement Status: Passed
File created: 8/18/2014 In control: Board of Supervisors
On agenda: 9/30/2014 Final action: 9/30/2014
Title: a. Approve and authorize the Deputy Purchasing Agent for Natividad Medical Center (NMC) to execute an eighteen month lease agreement with Creekbridge Apartments ("Lease Agreement"), with a retroactive start date of February 1, 2014 and a term through and including July 30, 2015, for apartment space located at 1757 Independence Boulevard, Unit 204 in Salinas, California, for housing of University of California-San Francisco medical students performing clerkship at NMC; and b. Authorize the Auditor-Controller to make lease payments of up to $1,690.00 per month in accordance with the terms of an approved Lease Agreement; and c. Authorize the Auditor-Controller to pay after hour key charges not to exceed $100 per key for up to 20 keys.
Attachments: 1. Creekbridge Lease plus Addendum to Lease pending BOS approval.pdf, 2. Creekbridge Security Deposit Refund Policy pending BOS approval.pdf, 3. Completed Board Order
Title
a. Approve and authorize the Deputy Purchasing Agent for Natividad Medical Center (NMC) to execute an eighteen month lease agreement with Creekbridge Apartments ("Lease Agreement"), with a retroactive start date of February 1, 2014 and a term through and including July 30, 2015, for apartment space located at 1757 Independence Boulevard, Unit 204 in Salinas, California, for housing of University of California-San Francisco medical students performing clerkship at NMC; and
b. Authorize the Auditor-Controller to make lease payments of up to $1,690.00 per month in accordance with the terms of an approved Lease Agreement; and
c. Authorize the Auditor-Controller to pay after hour key charges not to exceed $100 per key for up to 20 keys.

Report
RECOMMENDATION:

It is recommended the Board of Supervisors:
a. Approve and authorize the Deputy Purchasing Agent for Natividad Medical Center (NMC) to execute an eighteen month lease agreement with Creekbridge Apartments ("Lease Agreement"), with a retroactive start date of February 1, 2014 and a term through and including July 30, 2015, for apartment space located at 1757 Independence Boulevard, Unit 204 in Salinas, California, for housing of University of California-San Francisco medical students performing clerkship at NMC; and
b. Authorize the Auditor-Controller to make lease payments of up to $1,690.00 per month in accordance with the terms of an approved Lease Agreement; and
c. Authorize the Auditor-Controller to pay after hour key charges not to exceed $100 per key for up to 20 keys.

SUMMARY/DISCUSSION:

The term of this lease agreement shall be February 1, 2014, through and including July 30, 2015 which is eighteen months total. Lease payments will be at $1,690 per month. This monthly amount is a discounted rate off the $1,875.00 rate per month for this unit ($185 savings per month equal to $3,330 savings over the full eighteen month term). The refundable security deposit of $600 collected from ...

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