HomeMy WebLinkAbout5927 - MINUTE ORDERS - 4/2/1997 MINUTE ORDER NO. 5927
AUTHORIZING A MASTER LEASE WITH
PALM CANYON THEATRE FOR 10,755
SQUARE FEET OF BUILDING FLOOR AREA
AT 538 NORTH PALM CANYON DRIVE;
INCLUDING AREAS TO BE SUBLEASED
AND/OR SHARED WITH OTHER NON-
PROFIT ART GROUP(S) ON A MONTH-TO-
MONTH BASIS OVER THE NEXT 24
MONTHS TO ALLOW FOR ADEQUATE
SITE MASTER PLANNING AND
EXPANSION OF FACILITIES, AS
IDENTIFIED IN EXHIBIT "B" OF THE
LEASE, FOR A FIVE-YEAR PERIOD AND A
FIVE-YEAR EXTENSION OPTION AND AT
THE INITIAL MONTHLY LEASE RATE OF
$ 1 ,250 PLUS CONSTRUCTION
OBLIGATIONS AND OTHER
CONSIDERATIONS AS STIPULATED IN
THE LEASE, IN A FORM APPROVED BY
THE CITY ATTORNEY.
I HEREBY CERTIFY that this Minute Order, authorizing a Master Lease with Palm
Canyon Theatre for 10,755 square feet of building floor area at 538 North Palm Canyon
Drive; including areas to be subleased and/or shared with other non-profit art group(s)
on a month-to-month basis over the next 24 months to allow for adequate site master
planning and expansion of facilities, as identified in Exhibit "B" of the lease, for a five-
year period and a five-year extension option and at the initial monthly lease rate of
$1,250 plus construction obligations and other considerations as stipulated in the lease,
in a form approved by the City Attorney, was adopted by the City Council of the City
of Palm Springs, California in a meeting thereof held on the 2nd day of April, 1997.
(� �.
�—'UDITH SUMICH
City Clerk
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