STAFF REPORT
City of Lancaster
CC 17
3/26/2024
JC
Date: March 26, 2024
To: Mayor Parris and City Council Members
From: Sonya Patterson, Director – Parks, Arts, Recreation & Community Services Subject: Lancaster University Center Lease Amendment
Recommendation:
1. Approve amended and restated lease agreement for real property to Cal State Long Beach’s Extension Campus, the Lancaster University Center, through December 2024.
2. Authorize the City Manager, or his designee, to sign all documents related to the lease agreement.
Fiscal Impact:
City to receive $5,375 per month in rent, resulting in revenue of $64,500 through the term of the lease.
Background:
The City has leased real property known as Lancaster University Center, located at 45356 Division Street, 93535, to California State Long Beach (CSULB), for its bachelor's degree program in engineering annually since 2013. In 2021 the agreement was amended to include adjustments to the monthly rent. The amended and restated agreement in 2022 outlined updates to maintenance and responsibilities and insurance coverage.
Staff recommends the approval of the amended and restated lease agreement with CSULB, as the lease of space to the university has provided a valuable resource for residents to pursue STEM education and career opportunities in the aerospace industry. Local companies like Northrop and Lockheed have hired graduates from the program, highlighting the strong demand for a skilled STEM workforce in the region.
SP:AC
1 5
8 6
Attachment:
2024 Amended and Restated Lease Agreement