Laserfiche WebLink
1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />9R <br />RESOLUTION NO. 51 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, <br />CALIFORNIA, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT <br />AGENCY OF THE CITY OF RIVERSIDE, AUTHORIZING THE EXECUTION <br />OF A LEASE AGREEMENT WITH LINKUSYSTEMS INC. FOR THE <br />CALIFORNIA TOWER BUILDING LOCATED AT 3737 MAIN STREET, <br />SUITE 107, RIVERSIDE, CALIFORNIA. <br />WHEREAS, pursuant to Resolution No. 22322, adopted by the City Council of the City of <br />Riverside ("City") on January 10, 2012, the City of Riverside agreed to serve as the Successor Agency <br />("Successor Agency") to the Redevelopment Agency of the City of Riverside ("Redevelopment <br />Agency"), commencing upon dissolution of the Redevelopment Agency on February 1, 2012, pursuant <br />to Assembly Bill. X1 26 ("AB 26"); and <br />WHEREAS, Health and Safety Code Section 34177(i) provides that a successor agency is <br />required to continue to oversee development of properties until the contracted work has been <br />completed or the contractual obligations of the former redevelopment agency can be transferred to <br />other parties; and <br />WHEREAS, on April 26, 1994, the former Redevelopment Agency entered into a lease <br />agreement ("Lease Agreement") with the State of California — Department of General Services <br />("DGS") for the 160,000 square foot office tower, commonly known as "California Tower Building," <br />which included 22,400 square feet of ground floor retail and office space located at 3737 Main Street, <br />commonly known as "Cal Tower" ("Property"), for the term of thirty (30) years; and <br />WHEREAS, the former Redevelopment Agency and DGS also entered into a Leaseback <br />Agreement ("Leaseback Agreement"), in which now the Successor Agency to the Redevelopment <br />Agency is exclusively responsible for the operation, ordinary and extraordinary maintenance and <br />repairs, leasing and funding of tenant improvements associated with the Property ground floor; and <br />WHEREAS, pursuant to AB 1484 and Health and Safety Code Section 34191.5(c)(2), the <br />Successor Agency prepared an amended Long Range Property Management Plan, dated February 25, <br />2014, for the disposition of the former Redevelopment Agency properties, which included the <br />Property; and <br />