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Title:
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Resolution authorizing the exercise of an option to extend the lease of 3,900 square feet at 1449 Webster Street with WCPI Commercial, LLC, as Landlord, for three years, subject to City’s right to terminate, for the Office of Economic and Workforce Development’s Western Addition employment assistance programs, for $13,000 monthly with annual increases between 2% and 5%, for a maximum rent of $157,300 in the initial year of the lease extension term of September 1, 2017, through August 31, 2020; and adding one further option to extend the term with the same terms and conditions for an additional three year term.
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