OSB 13-008 RESOLUTION NO. OSB-13-008
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE POWAY REDEVELOPMENT
AGENCY APPROVING A LEASE AGREEMENT WITH HORIZON
HOSPICE, INC. AND AUTHORIZING THE EXECUTIVE DIRECTOR
TO EXECUTE THE AGREEMENT
WHEREAS, pursuant to Health and Safety Code Section 34181(e), the
Successor Agency shall determine whether any contracts, agreements, or
arrangements between the dissolved redevelopment agency and any private parties
should be terminated or renegotiated to reduce liabilities and increase net revenues to
the taxing entities, and present proposed termination or amendment agreements to the
Oversight Board for its approval; and
WHEREAS, the former Redevelopment Agency acquired the property located at
13053 Poway Road, Poway, California in August 2008, at which time a lease
agreement with Horizon Hospice, Inc. for use of Suite A (Lease) was assigned to the
Agency; and
WHEREAS, the former Redevelopment Agency was dissolved by operation of
law on February 1, 2012, and the Lease was assigned to the Successor Agency at that
time; and
WHEREAS; the Lease expired on in October 2012, and continued on a month-
to-month basis thereafter; and
WHEREAS, at the end of 2012, Horizon Hospice, Inc. was acquired by Scripps
Health, and the hospice operations needed to expand quickly in order to accommodate
increased patient load and additional staffing; and
WHEREAS, in April 2013, the Successor Agency executed a letter agreement
allowing Horizon Hospice to temporarily expand their use of the property to include an
additional 2,080 square feet of previously vacant space known as Suite C; and
WHEREAS, the purpose of the letter agreement was to allow for the tenant to
temporarily use the additional space while a more formal lease agreement could be
prepared for Oversight Board consideration; and
WHEREAS, together Suites A and C total 4,750 square feet, and generate
$4,180 per month in rent, for a total of $50,160 annually in revenue to the Successor
Agency for this property; and
WHEREAS, an additional benefit of the renegotiated lease is that it will now be a
"triple net" lease, which relieves the Successor Agency of its current repair and
maintenance responsibilities for the building with the exception of major repairs to the
roof and plumbing and electrical infrastructure up to the point of entry into the building;
and
WHEREAS, the increased revenue and reduced maintenance costs will result in
increased funds available for distribution to the other taxing entities; and
Resolution No. OSB-13-008
Page 2
NOW, THEREFORE the Oversight Board of the Successor Agency to the Poway
Redevelopment Agency does hereby resolve as follows:
Section 1. The Oversight Board hereby finds and determines that the
foregoing recitals are true and correct.
Section 2. A duly noticed public meeting having been held, the Oversight
Board hereby approves the Lease Agreement befinreen the Successor Agency and
Horizon Hospice, Inc., attached as Exhibit A.
Section 3. This Resolution shall take effect immediately upon its adoption.
PASSED, ADOPTED and APPROVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a regular meeting this 25th day of
September, 2013.
Bruce Tarzy �
Chair
ATTEST:
,
Sheila . Cobian, CMC, Secretary
Successor Agency of the
Poway Redevelopment Agency
Resolution No. OSB-13-008
Page 3
STATE OF CALIFORNIA )
)
COUNTY OF SAN DIEGO )
I, Sheila R. Cobian, CMC, Secretary, Successor Agency to the Poway
Redevelopment Agency, do hereby certify under penalty of perjury that the foregoing
Resolution No. OSB-13- was duly adopted by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a meeting of said Oversight Board
held on the 25th day of September, 2013 and that it was so adopted by the following
vote:
AYES: FONG-SAKAI, LADERMAN, LYON, SCOTT', THOLANDI, TARZY
NOES: NONE
ABSENT: NONE
DISQUALIFIED: TAM
�
�v.4U�,
Sheila R. Cobian, CMC, Secretary
Successor Agency of the
Poway Redevelopment Agency