RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, CALIFORNIA, AS SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, TO AUTHORIZE THE SUCCESSOR AGENCY TO EXERCISE AN OPTION TO EXTEND FOR TEN (10) YEARS A LEASE AGREEMENT WITH THE HISTORIC MISSION INN CORPORATION FOR ONE (1) DOLLAR AND TO AUTHORIZE THE SUCCESSOR AGENCY TO EXTEND FOR TEN (10) YEARS A SUBLEASE AGREEMENT WITH THE MISSION INN FOUNDATION.
WHEREAS, on December 22, 2000, the Historic Mission Inn Corporation (“Mission Inn”) and the Redevelopment Agency of the City of Riverside (“Agency”) entered into a Hotel Space Lease (“Lease”) in which Agency has leased certain premises of the Mission Inn, located at 3649 Mission Inn Avenue, Riverside, California 92501; and WHEREAS, pursuant to the California Redevelopment Agency Dissolution Act (California Health and Safety Code, sections 34170-34190), on January 10, 2012, by City Council Resolution, the City of Riverside was designated Successor Agency to the Agency (“Successor Agency”); and WHEREAS, Section 1.6 of the Lease provides for a term of twenty-two (22) years and Section 3.2 of the Lease provides that Successor Agency, as the tenant, has the right to extend the term of the Lease “for two (2) additional ten (10) year period(s) (each, an ‘extension term’) under the same terms and conditions as the original Lease,” the rent for each extension term shall be the sum of one dollar ($1.00) and that such extension right may be unilaterally exercised by the Successor Agency by sending written notice to the Mission Inn; and WHEREAS, on January 29, 2001, the Agency and the Mission Inn Foundation entered into a Sublease Agreement for the Mission Inn Foundation’s use of the certain premises of the Mission Inn identified in the Lease for museum, storage, and offices; and WHEREAS, the term of the Sublease Agreement is set forth and based on the term of the Lease; WHEREAS, the Successor Agency desires to exercise the right to extend the term of the Lease and to amend the Lease by extending the Lease for an additional ten (10) year period through December 21, 2032, by sending written notice to the Mission Inn consistent with the Lease. to extend the Lease for an additional ten (10) year period through December 21, 2032; and WHEREAS, the Successor Agency desires to exercise the right to extend the term of the Sublease Agreement and to amend the Sublease Agreement by extending the Sublease Agreement for an additional ten (10) year period through December 21, 2032, by sending written notice to the Mission Inn Foundation consistent with the Sublease Agreement; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Riverside, California, as the Successor Agency to the Redevelopment Agency of the City of Riverside, as follows:
Section 1: The City, as the Successor Agency to the Redevelopment Agency of the City of Riverside, hereby elects and authorizes the Executive Director, or his designee, to exercise the right to extend the term of the Lease, by sending written notice to the Mission Inn consistent with the Lease, to extend the Lease for an additional ten (10) year period through December 21, 2032; and Section 2: The City, as the Successor Agency to the Redevelopment Agency of the City of Riverside, hereby elects and authorizes the Executive Director, or his designee, to exercise the right to extend the term of the Sublease Agreement, by sending written notice to the Mission Inn Foundation consistent with the Sublease Agreement, to extend the Sublease Agreement for an additional ten (10) year period through December 21, 2032, consistent with the above-referenced extension of the Lease; and Section 3: The City, as the Successor Agency to the Redevelopment Agency to the City of Riverside, hereby elects and authorizes the Executive Director, or his designee, to present such written notices to the Countywide Oversight Board and Department of Finance for final consideration and approval.
ADOPTED by the City Council this _________ day of _____________, 2022. ______________________________________
PATRICIA LOCK DAWSON
Mayor of the City of Riverside
Attest:
_____________________________
DONESIA GAUSE
City Clerk of the City of Riverside
I, Donesia Gause, City Clerk of the City of Riverside, California, hereby certify that the foregoing resolution was duly and regularly adopted at a meeting of the City Council of said City at its meeting held on the _________day of _____________, 2022, by the following vote, to wit:
Ayes:
Noes:
Absent:
Abstain:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Riverside, California, this ________ day of ______________, 2022. _________________________________
DONESIA GAUSE
City Clerk of the City of Riverside
21-1034.1 sw 2/3/22
PAGE
FILENAME FILENAME \p \* MERGEFORMAT \\Rc-citylaw\cycom\WPDocs\D003\P034\00632924.doc PAGE 2
1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
MACROBUTTON None FirmName1_1 , MACROBUTTON None FirmLegalStatus1_1 CITY ATTORNEY’S OFFICE
3750 UNIVERSITY AVENUE
RIVERSIDE, CA 92501
(951) 826-5567
1 2
3 4
5 6
7 8
9 10
11 12
13 14
15 16
17 18
19 20
21 22
23 24
25 26
27 28
MACROBUTTON None FirmName1_1 , MACROBUTTON None FirmLegalStatus1_1 CITY ATTORNEY’S OFFICE
3750 UNIVERSITY AVENUE
RIVERSIDE, CA 92501
(951) 826-5567