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1 RiversideCA.gov
1 RiversideCA.gov
THIRD AMENDMENT TO LEASE WITH A-1 GRIT
TO EXTEND LEASE AN ADDITIONAL THIRTY-
FIVE YEARS, 1901 MASSACHUSETTS AVENUE
CITY COUNCIL
December 12, 2023
Community & Economic Development Department
RiversideCA.gov
2 1. On September 20, 2006, City entered into a 10-year lease with Gaylor Singletary and A-1 Grit for a use of a portion of 1901 Massachusetts Avenue with one option to renew for an additional 5 years.
2. On February 21, 2007, Gaylor Singletary assigned the lease to the City.
3. On May 19, 2011, Council approved a 1
st Amendment amending the
Lease to add an additional renewal term of 5 years.
4. On December 8, 2016, Council approved a 2 nd Amendment amending the lease for an additional renewal term and to modify the monthly rental amount.
BACKGROUND
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3 1. Staff was contacted by A-1 Grit, Louis Medina, with a proposal to either acquire the parcel or extend the
current lease at the end of the second renewal term.
2. Since the lease is a revenu e stream for the Housing Authority and Homeless Outreach programs, selling the
property was not an option.
3. Staff was able to negotiate adding seven 5-year options to renew and to revise the annual increase from CPI to a standard 2%.
DISCUSSION
RiversideCA.gov
4 1. 1901 Massachusetts
Avenue
2. Approximately 2.88 acres
3. Zoning and General Plan,
Industrial
4. Close proximity to the
Riverside Access Center
located at 2880 Hulen
Place
SUBJECT PROPERTY
A‐1 Grit
1901 Massachusetts
Riverside Access Center
2880 Hulen Place
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3 RiversideCA.gov
5 Strategic Plan Priority No. 5 – High Performing Government Goal 5.4 – Achieve and maintain financial health by addressing gaps between revenues and expenditures and aligning resources with strategic priorities to yield the greatest impact.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
RiversideCA.gov
6 That the City Council:
1. Approve the Third Amendment to Lease with A-1 Grit to extend the lease an additional 35 years and amend the
annual increase to a standard 2%; and
2. Authorize the City Manager, or his designee, to execute the Agreement including making minor and non-
substantive changes, to sign all documents and
instruments necessary to complete the transaction.
RECOMMENDATIONS
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