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AGENDA ITEM REVIEW FORM

7.B.

Regular City Council Meeting

Meeting Date:: 12/10/2025
Department Head:: Nigel Reynoso
Submitted By:: Michelle Boucher, Police Administrator, Police Department

Action Requested:

Motion

ITEM:

Discussion and possible action on any and all matters regarding renewal of the Lease Agreement with Gemini Property Holdings, Inc. for the San Luis Police Department Substation located in East San Luis. (Nigel Reynoso, Chief of Police)

SUMMARY:

The original lease agreement was from June 1, 2023, to May 31, 2026, with a monthly payment of $2,500.00, plus utilities. The lease agreement stipulated that the City must exercise the option to renew the lease by February 27, 2026, for a new monthly payment of $3,000.00. The rent includes the two (2) 6,000-square-foot lots the building sits on, for a total of 12,000 square feet. The renewed lease will commence on June 1, 2026, for an additional three years, with the option to extend for an additional three years.

RECOMMENDATION / SUGGESTED MOTION:

I MOVE TO APPROVE THE RENEWAL OF THE LEASE AGREEMENT WITH GEMINI PROPERTY HOLDINGS, AS PRESENTED.

Fiscal Impact

IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:: Yes
CITY/STATE/FEDERAL FUNDS:: City
TOTAL:: $108,000 for 3 Years or $36,000 per year
BUDGETED AMOUNT:: See fiscal impact statement
AVAILABLE AMOUNT TO TRANSFER:: See fiscal impact statement
ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:: See fiscal impact statement

FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):

Funds were budgeted this fiscal year at $2,500 per month until May 2026, then $3,000 for the month of June 2026 for the remainder of the lease agreement in the total amount of $30,500.00. Funds will be requested next fiscal year in the amount of $36,000.00 for the annual lease amount of $3,000 per month.

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