City Council
Staff Report
From: City Manager
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: January 21, 2025
Report #:2405-3072
TITLE
Property Agreements Entered into by City Manager Under Palo Alto Municipal Code Section
2.30.210(h) and Reported Per Section Code 2.30.710(b) for Fiscal Year 2024
RECOMMENDATION
This is an informational report; no Council action is required.
ANALYSIS
Pursuant to Palo Alto Municipal Code (PAMC) Section 2.30.210(h)1, the City Manager may award and sign contracts to rent, lease, or license city real property to other parties regardless of the price for a term not exceeding three years. Additionally, the City Manager may enter into and sign contracts for the rental, lease or licensing of real property at the Cubberley Community Center for a term of up to five years. Attachment A was prepared pursuant to PAMC Section 2.30.710(b)2 and reports to the Council of all leases, licenses, and rentals of city real property with third parties, approved by the City Manager during fiscal year FY 2024. The report excludes agreements approved by the City Council. Total revenue for FY 2024 from agreements authorized by the City Manager during the fiscal year totaled $318,301.
FISCAL/RESOURCE IMPACT
The lease amounts presented in this report are consistent with the rental income revenue assumed in the FY 2024 budget. The ongoing portion of these leases will be used in the annual budget process to determine rental income revenue for future fiscal years.
STAKEHOLDER ENGAGEMENT
Staff coordinates with tenants on the execution of agreements and appropriate documents.
1 https://codelibrary.amlegal.com/codes/paloalto/latest/paloalto_ca/0-0-0-61881 2 https://codelibrary.amlegal.com/codes/paloalto/latest/paloalto_ca/0-0-0-62183
ENVIRONMENTAL REVIEW
This item is not a project as defined by the California Environmental Quality Act (CEQA) because the report is for informational purposes only with no action required by the Council. CEQA Guidelines section 15378.
ATTACHMENTS
Attachment A: FY 2024 List of Agreements
APPROVED BY:
Lauren Lai, Administrative Services Director