Item 13 - Extension of Lease 12324 Oak Knoll Road01 E1+iDA REPORT �-
CITY OF POWAY
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TO: Honorable Mayor and Members 4fe City Council
FROM: James L. Bowersox, City Mana
INITIATED BY: Kay D. Jimno, Director of Administrative Service
DATE: April 22, 1986
SUBJECT: Extension of Lease
12324 Oak Knoll Road
DuemRnr�m '
The City has entered into an agreement to lease City property to
Prensatt, Incorporated. That lease is due to expire on June 30, 1986.
Staff is recommending.extension of the lease -for 12 additional months.
BACKGROUND
Prensatt, Incorporated has leased the property at 12324 Oak Knoll
Road since 1981, conducting a Montessori School on the premises.
The lease contains provisions for Prensatt to make an offer to the
City when notified of the City's intent to sell the property.
Otherwise the lease shall continue'for a term of twelve months.
The present lease will expire on June 30, 1986. Representatives of
Prensatt, Inc. have been contacted with regard to a twelve month'
extensi.on of the lease and an increase in the monthly rent from
$1,054 per month to $1,094 per month. As stated in the attached letter
Prensatt is agreeable to these terms.
The tenants, Prensatt, Incorporated, have abided by all terms and
conditions of past lease agreements and have made timely rental
payments.
RECOMMENDATION
Authorize the City Manager to sign the extension of the lease agree-
ment between the City of Poway and Prensatt, Incorporated.
:KDJ: it
ACTION, Extended lease to 6 -30 -87 with rent at $1,094_ per r-onth,
o! el rt, Deputy City Clerk
1 of 3 i APR 22 1986 ITEM 13
APR 1986
AI)MIN SERV DEPT
Montessori Child Development
Centers of California
April 1, 1986
' Y
Ms. Kay D. Jimno
Director of Administrative Services
City of Poway
P.O. Box 789
Poway, CA 92064
Dear Ms. Jimno,
Thank you for your letter of March 21, 1986 regarding renewal of .our lease
for the city of Poway's property located at 12324 Oak Knoll Road.
The changes that you proposed to Item #3, Term: Commencing July 1, 1986 and
ending June 30, 1987, and Item #4, Rent: monthly payment of $1,094 per
month; are acceptable.
Please place the matter on the City Council's agenda and advise us of the date
it is approved.
ft
Sincerely,
,-rt -
CAROL PRENDERGAST
MARIJANE SATTLER
Directresses
14911 ESPOLA ROAD . POWAY, CALIFORNIA 92064 e (619) 748 -1727
2 of 3 . A NONPROFIT CORPORATION .
JAMES H. SATTLER ROBERT L. PRENDERGAST RAJENDER T. KIRPALANI DAVID W. BARR PAMELA T. KIRPALANI
President - Treasurer Secretary FinaAy4lf fty 1986 1 T E MD ire cf
0 a'
EXTENSION OF LEASE AGREEME T
Landlord: City of Poway
Tenant: Prensatt, Inc.
Property
Located At: 12324 Oak Knoll Road
Poway, CA 92064
The parties to the above referenced lease agreement do hereby agree to
an extension of the term of said agreement on the following terms and
conditions:
Item 3. Term. The term of this Extension ( "Term ") shall be for a
period of 12 months commencing July 1, 1986, ( "Commencement Date ")
and ending on June 30, 1987, unless sooner terminated pursuant to
any provision hereof.
Item 4. Rent. Tenant shall pay Landlord as rent for the
Premises, monthly payments of $1,094 (hereinafter "Rent "), in
advance, on the first day of each month of the Term: Rent shall
be payable in lawful money of the United States to Landlord at the
address stated above or to such other person or at such other
places as Landlord may designate in writing.
All other provisions of said Lease shall remain in full force and
effect without modification.
The parties hereto have executed this Extension of Lease at Poway,
California, on the dates specified immediately adjacent to their
respective signatures below.
Date:
APPROVED AS TO FORM:
Stephen M. Eckis, City Attorney
City of Poway
Date:
LANDLORD
City of Poway
By:
James L. Bowersox
City Manager
TENANT
Prensatt, Inc.
By:
3 of 3 j APR 22 1986 ITEM 13