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Title:
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CITY OF RIVERSIDE COMMERCIAL LEASE AGREEMENT, 4.2 ACRES VACANT LAND - E. STREET, SOUTH OF ORANGE SHOW ROAD, SAN BERNARDINO, CALIFORNIA, WITH DRIVETIME CAR SALES COMPANY, LLC, FOR $832,000 IN REVENUE FOR THE FIVE YEAR INITIAL TERM
That the Board of Public Utilities recommend that the City Council:
1. Approve the City of Riverside Commercial Lease Agreement for 4.2 Acres of Vacant Land – E Street, South of Orange Show Road, San Bernardino, California, with DriveTime Car Sales Company, LLC, for an initial term of 5 years and $832,000 in rental revenue to the Water Utility;
2. Authorize the City Manager, or his designee, to execute the City of Riverside Commercial Lease Agreement for 4.2 Acres of Vacant Land – E Street, South of Orange Show Road, San Bernardino, California, with DriveTime Car Sales Company, LLC, and all necessary documents, including making minor non-substantive changes to those documents; and
3. Authorize the City Manager, or his designee, to execu...
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