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1 RiversideCA.gov1
RiversideCA.gov
FIRST AMENDMENT EXTENDING THE LEASE OF OFFICE SPACE WITH FEHR & PEERS, FOR A PERIOD OF SIX-MONTHSCity CouncilAugust 5, 2025Community & Economic Development Department RiversideCA.gov2
BACKGROUND•October 13, 2015City acquired Mission Square Office Building •February 7, 2020Five-year lease with one, five-year extension option 1 2
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2 RiversideCA.gov3
•Suite 225•Office Space:1,938 sf•Current Rent: $4,240.17/monthMISSION SQUARE RiversideCA.gov4
DISCUSSION•Lease expired February 28, 2025•Lease renewal: $5,300/month•Total revenue generated: $31,800 •September 1, 2025: Convert to month-to-month rate, $6,360/month 3 4
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3 RiversideCA.gov5
1. Approve the First Amendment extending the lease of office space with Fehr & Peers for a period of six-months, generating approximately $31,800 in revenue; and2. Authorize the City Manager, or his designee, to execute the Agreement, including making minor, non-substantive changes, and to sign all documents and instruments to complete the transaction.RECOMMENDATIONS5