8/4/2025
1 RiversideCA.gov1
RiversideCA.gov
LEASE AGREEMENT WITH 20/20 PLUMBING & HEATING, INC., FOR USE OF CITY-OWNED LAND LOCATED AT 5961 ACORN STREET FOR EMPLOYEE PARKING CITY COUNCILAugust 19, 2025COMMUNITY & ECONOMIC DEVELOPMENT DEPARTMENT RiversideCA.gov2
BACKGROUNDLessee owns parcels located north ofJurupa Avenue adjacent to City-owned property identified as aportion of Assessor’s Parcel Number155-070-030.Lessee will utilize leased area foremployee parking. 20/20 Plumbing & HeatingCity’s CNG Station
APN: 155-070-0301
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2 RiversideCA.gov3
SUBJECT PROPERTY
•APN: 155-070-030•Approximately 27,000 SF of leased area for employee parking RiversideCA.gov4
DISCUSSIONANNUALMONTHLYYEAR$39,000.00$3,250.001 $40,170.00$3,347.502 $41,375.16$3,447.933 $120,545.16TOTALMonthly rent shall be subject to an annual adjustment ofthree percent (3%) and Lessee will provide a one-timesecurity deposit of $3,250 as follows:3 4 8/4/2025
3 RiversideCA.gov5
That the City Council:1. Approve the Lease Agreement with 20/20 Plumbing & Heating Inc.,of Riverside, California for use of a portion of 5961 Acorn Street for athree-year term generating revenue in the total amount of$120,545.16; and2. Authorize the City Manager, or his designee, to execute the LeaseAgreement with 20/20 Plumbing & Heating, Inc., including makingminor and non-substantive changes, and to sign all documentsnecessary to complete the transaction.RECOMMENDATIONS5