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1 RiversideCA.gov
2nd AMENDMENT TO LEASE
AGREEMENT - FIRE UP GRILL
City Council
October 3, 2023
PUBLIC UTILITIES DEPARTMENT
RiversideCA.gov
2 1.On August 8, 2017, the City Council approved a Commercial Lease Agreement with Ruben Barragan and Luis Hernandez
doing business as Fire Up Grill for approximately, 1,000 square feet of rentable office space located at 3750 University Avenue, Suite 570.
2.On September 11, 2018, the City Council approved the First Amendment to the Commercial Lease Agreement with Ruben
Barragan and Luis Hernandez doing business as Fire Up Grill revising the Commencement date from January 10, 2018, to September 1, 2018.
BACKGROUND
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3 1. Term: September 1, 2023, through August 31, 2028.
2. Premises: Approximately 1,000 rentable square feet of space located at 3750 University Avenue, Suite 190.
3. Base Rent Schedule (Triple Net Lease):
PROPOSED 60-MONTH LEASE TERMS
Monthly Base RentPeriod
$3,000 September 1, 2023 – August 31, 2024
$3,090 September 1, 2024 – August 31, 2025
$3,183 September 1, 2025 – August 31, 2026
$3,278 September 1, 2026 – August 31, 2027
$3,377 September 1, 2027 – August 31, 2028
RiversideCA.gov
4 4. Security Deposit: Lessee will deposi t an additional security deposit of $1,352.00 for a grand total of $3,377.
5. Options to Renew: One five-year op tion to extend the Term for an additional 60 months.
6. Broker: Pursuant to the existing Exclusive Authorization to Lease Agreement with NKF, City to pay NKF a leasing commission equal to 2.5% of the lease consideration in the amount of $4,778.40.
7. Other: All other terms of the or iginal lease and First Amendment shall remain unmodified and in full force and effect.
PROPOSED 60-MONTH LEASE TERMS
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5 Strategic Priority 3 – Economic Opportunity
Goal 3.3 – Cultivate a business climate that welcomes
innovation, entrepreneurship, and investment.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
RiversideCA.gov
6 That the City Council:
1. Approve a Second Amendment to the Commercial Lease
Agreement with Ruben Barragan and Luis Hernandez doing business as Fire Up Grill, of Riverside, California, to extend the lease for a 60- month term from September 1, 2023, through August 31, 2028; and
2. Authorize the City Manager, or designee, to execute the Second Amendment to the Commercial Lease Agreement, including making minor, non-substantive changes, and to sign all documents and instruments necessary to complete the transaction.
RECOMMENDATIONS
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