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Cit 4 1 : 41 11 1 . 5 City Council Memorandum <br />TO: HONORABLE MAYOR AND CITY COUNCIL <br />FROM: <br />SUBJECT: <br />ISSUE: <br />GENERAL SERVICES DEPARTMENT <br />PUBLIC UTILITIES DEPARTMENT <br />POLICE DEPARTMENT <br />DATE: JULY 26, 2011 <br />ITEM NO: 40 <br />NTIM N Dim <br />ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT FOR PROPERTY <br />LOCATED AT 3750 UNIVERSITY AVENUE TO RIVERSIDE PUBLIC UTILITIES <br />That the City Council consider approval of an Assignment and Assumption of Lease Agreement for <br />property located at 3750 University Avenue to Riverside Public Utilities. <br />RECOMMENDATION <br />That the City Council approve the attached Assignment and Assumption of Lease Agreement for <br />property located at 3750 University Avenue. <br />BACKGROUND <br />Riverside Public Utilities (RPU) is interested in consolidating its current leased office space into one <br />location downtown to gain operational efficiencies. A suitable site has been located at 3750 <br />University Avenue and encompasses 70,281 square feet. A portion of this office space will be sub- <br />leased to existing tenants, leaving an estimated 53,784 square feet for RPU. This office space is <br />currently occupied by Best, Best and Krieger (BB &K) which will soon be moving to a new downtown <br />Riverside location that is currently under construction. On July 1, 2011, the Public Utilities General <br />Manager briefed the Board of Public Utilities on this item. No formal action was taken. <br />As part of the consolidation, RPU will vacate its leased space at Garage 6 — Orange Square (9 and <br />Orange Streets) and Garage 3 (Market Street and University Avenue). It will also shift some of the <br />employees from the 311 Call Center at Utilities Plaza (Orange and 6 th Streets) to a new location <br />near the Airport. However, RPU will continue to have a downtown customer service presence for <br />payment processing at the Utilities Plaza. Also, the Federal Courts have recently expressed an <br />interest in the Gateway facility (corner of 14 and Lime Streets) and this facility may become a <br />component of this consolidation at a future point in time. <br />40 -1 <br />