HomeMy WebLinkAbout2000-04-19 Agenda Packet - Board (21) �I
G TRUCKEE DONNER
Public Utility District
Memorandum
To: Board of Directors
From: Peter L. Holzmeister, General Manager
Date: 04/14/00
Town of Truckee lease
Please review the attached note prepared by Andy Otto describing a meeting I had with him. The
Town is in the final stages of acquiring the old Truckee River Bank building on Airport Road. They
need to have tenant improvements made before they can occupy the building. They believe the
building will be ready for them on about October 1, 2000.
Given the above timeline, and the fact that their lease of space in our building terminates on April 30,
2000, the Town would like to extend the lease until August 31, 2000. The Town proposes to honor all
terms and conditions of the current lease, including the CPI increase in rent, which takes effect on
July 1, 2000. The one exception they ask us to consider is the requirement that they restore the
rented space to it previous condition. They would like us to take the space back as is, thus saving
them the cost of removing their office walls.
We do not make use of offices with walls and doors. Our organization culture has utilized an open
office environment We believe it promotes greater teamwork. I am reluctant to place employees in
traditional offices. However, there may be improvements that they made that are useful to us, such
as customer counters, the air conditioning system, a conference room, and a small kitchen area. I
would like the board to allow me to decide which improvements stay and which are removed by the
Town.
Recommendation
I recommend that the Board approve an extension of the current lease of office space to the Town of
Truckee to August 31, 2000,with the option for the Town to extend it for two thirty day periods at their
discretion, under the terms and conditions of the current lease, and that the Town remove tenant
improvements designated by the General Manager.
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Peter Holzmeister, -- -
From: Andy Otto [andyotto@telis.org]
Sent: Wednesday, April 12, 2000 8:44 AM
To: Jill Olsen; 'Steve Wright', 'Peter Holzmeister'
Cc: Steve Carpenter
Subject: Town of Truckee/TDPUD lease extensions
Dear Jill, Steve, and Peter:
Summary of meeting with Peter Holzmeister on April 11, 2000
1 met with Peter concerning an extension of your existing lease and other
matters as such:
1) The Town would like an extension of their lease until 8/31/2000 with two
additional 30 day options to extend (until possibly 10/31/2000).
2) The TDPUD will adjust the rent on 7/1/2000 per the CPI index and their
existing lease.
3) The TDPUD will assess the existing tenant improvements to determine
which, if any, can stay. He should be determining this within the week.
Peter will get back to us as soon as possible on the above and then we will
proceed with drawing up the necessary documents. Any questions or
suggestions, please feel free to call.
Andy Otto
PRUDENTIAL CALIFORNIA REALTY-COMMERCIAL DEPARTMENT
12068 Donner Pass Road
Truckee, CA 96161
(530)587-1163 Direct Line
(530)548-2500 FAX
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