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#17-53 - Authorizing Amendment #3 to the Building Lease Agreement for the Valdez Senior Citizens Housing and Multi-Purpose Facility with the Valdez Senior Citizens Center, Inc.
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SUBMITTED BY: Kate Huber, Community Development Planning Technician.
FISCAL NOTES:
Expenditure Required: None.
Unencumbered Balance: N/A.
Funding Source: N/A.
RECOMMENDATION:
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Approve resolution #17-53, authorizing amendment #3 to the building lease agreement for the Valdez Senior Citizens Housing and Multi-Purpose Facility with the Valdez Senior Citizens Center, Inc.
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SUMMARY STATEMENT:
This action represents approval of Amendment #3 to the Valdez Senior Citizens Housing and Multi-Purpose Facility (Valdez Senior Center) Lease and will renew the lease agreement for a period of five years beginning January 1, 2018. The lease renewal will be at the same annual rental rate of $1.00. This renewal will expire on December 31, 2022. In addition to renewing the lease, this amendment will update the maintenance agreement between the City of Valdez and Valdez Senior Citizens Center, Inc.
The City and the Valdez Senior Citizens Center, Inc. entered into the original lease for the Valdez Senior Citizens Housing and Multi-Purpose Facility in 1982. The current lease agreement, executed in 2001, is set to expire on December 31, 2017. Amendment # 1 (attached) was approved in 2012 and replaced the language in Section 4 - Building Maintenance and Repair. Later in 2012, Amendment #2 was approved and added December 31, 2017 as a termination date for the lease. Prior to that amendment there was no set termination date.
The Valdez Senior Center mission is to serve as community support for the seniors of Valdez, while enhancing their quality of life through care and services. The Valdez Senior Center has 175 members, many of whom regularly utilize their programs. The residential portion of the facility contains 15 apartments, currently occupied by 16 residents. There are ...
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