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Title:
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GROUND LEASE AGREEMENT BETWEEN CITY OF RIVERSIDE PUBLIC UTILITIES AND DRIVETIME CAR SALES COMPANY, LLC FOR 1388 SOUTH E. STREET, SAN BERNARDINO, CALIFORNIA, FOR $800,000 NET WITH A FIVE YEAR INITIAL TERM
That the Board of Public Utilities:
1. Recommend that the City Council approve the Ground Lease Agreement with DriveTime Car Sales Company, LLC, of Phoenix, Arizona, including payment of a broker commission of 6% to Marc J. Piron of NAI Capital, Ontario, California; and
2. Authorize the City Manager or his designee to execute all necessary documents, including making minor non-substantive changes to those documents.
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