Ava Community Energy Financial, Administrative and Procurement Subcommittee
September 16, 2022

Lease Extension
Jason Bartlett
Senior Finance Manager
SEPTEMBER 16, 2022
2 Lease Extension Background
• EBCE staff has been occupying the space at 1999 Harrison Street, as a subtenant of Mechanics Bank since Aug 1, 2019
• The Sublease expires on October 31, 2022 and EBCE is looking to sign a new, 12- month lease, directly with the building owner
• The new building is still being developed. Design and layout are still being finalized
• Due to construction material, labor/installation, and permitting delays, a lease extension is prudent in order to ensure that EBCE maintains an office space 3 Lease Extension Terms & Negotiations
• Lease Terms
• 12-month lease, base lease rent of $46,193.33 per month • $46,193.33 security deposit
• Negotiation Points of Non-Financial Clauses
• Definitions (e.g. recitals, payment grace periods, etc.) • Basic utility requirements
• Upkeep of facility space
• Parking
• Looking to finalize negotiations in Oct 2022
• Requesting Board authorization to finalize and sign lease agreement Thank You!
@PoweredbyEBCE
[email protected]
4 Questions? Give us a call:
1-833-699-EBCE (3223)
Español
ebce.org/es
中文
ebce.org/cn