Parking Authority of the City of Beverly Hills
Consent Agenda Fiscal Impact Report
May 7, 2024
Consent Agenda
Item Number Expenditures Revenues Stated Fiscal Impact
D-1 No new fiscal impact.
D-2 No new fiscal impact.
D-3 $ 52,155
Approve lease amendment increasing rent
payback for both the original leased premises and
expansion premises from $2,103.00 to $2,173.12
per month beginning January 1, 2025. Rent
payable increases by $350.00 per month for the
expansion premises beginning the effective date
of the amendment. In total, $52,154.88 would be
collected in base rent over the two-year extension.
The base rent payable between October 13, 2020
and February 23, 2021 is equal to $6,228.00.
Because the Tenant has already paid base rent for
this period, the Tenant would receive the rent
abatement as a credit against future rent payable.
TOTAL $ - $ 52,155