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HomeMy WebLinkAbout09-20-2017 Item 1.3 PLACE Lease Item 1.3 Extension of PLACE Lease Page 1 of 1 CITY OF SARATOGA Memorandum To: Mayor Emily Lo & Members of the Saratoga City Council From: Crystal Bothelio, Deputy City Manager Date: September 20, 2017 Subject: 1.3 Extension of PLACE Lease – New Recommended Action Following the publication of the agenda packet for the September 20, 2017 City Council Meeting, the City was informed that Montalvo Arts Center would be open to a 5-year lease of PLACE with an annual fee of $1,500 rather than a 1-year extension. Consequently, staff is recommending that the City Council authorize the City Manager to execute an amended agreement with Montalvo Arts Center with a longer lease period than proposed in the staff report. The new recommended action is below. Recommended Action: Authorize the City Manager to negotiate an extended lease agreement with Montalvo Arts Center to continue displaying PLACE outside of Saratoga Library through October 2021 for an annual fee of $1,500.