City Council
259 N. Wilma Avenue
Ripon, CA 95366
MEMO
To: Honorable City Council
From: Kevin Werner, City Administrator
Date: 08/08/2023
Subject: Amend Lease of 303 and 307 W. Main Street
RECOMMENDED ACTION:
Approve and authorize the Mayor to sign the amendment to the lease of 303 and 307 W. Main Street (Holistic Synergy, LLC) extending the lease 5 years from August 31, 2023 to August 31, 2028.
BACKGROUND:
In 2012, Jennifer Kamatsu entered into a lease with the City for 303 W. Main Street. In 2017, the Lease was amended to include 307 W. Main Street, property improvements to said address and to extend the lease for 5 years. The owner of Holistic Synergy, LLC and Jennifer Kamutsu signed an Assignment and Assumption Agreement on December 15, 2022 for the Lease of 303 and 307 W. Main Street. Per the terms in the Amendment to Commercial Lease Agreement dated March 14, 2017, the lease is set to expire on August 31, 2023.
FISCAL IMPACT:
The extended lease payment is proposed to start on September 1, 2023 at $3,601 per month and increase 3 percent per year for the remainder of the lease. The revenue generated from the lease is general fund revenue.
Attachments:
1. Natural Path Amendment 2