I. RECOMMENDATION:
Senior Administrative Analyst recommends approval of lease amendment between City of Coalinga and Thrive Ministries for 148 W. Elm Street Coalinga, California.
II. BACKGROUND:
Thrive Ministries approached the City Council about a reduction in the rent/ lease payment amount for the next six months to $1,000 per month. Under the current lease agreement the City receives $1,788.75 per month.
III. DISCUSSION:
Thrive Ministries approached the City Council about a reduction in the rent/ lease payment amount for the next six months to $1,000 per month. Under the current lease agreement the City receives $1,788.75 per month.
IV. ALTERNATIVES:
Do not enter into the lease amendment.
V. FISCAL IMPACT:
If the amendment to the Lease Agreement is approved, there will be a decrease in revenue of $4,732.50 for the City over the six month period. | | |