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• <br />Public Works <br />Maintenance Division <br />City of Eugene <br />1820 Roosevelt Blvd. <br />MEMORANDUM Eugene, Oregon 97402 <br />(541) 682-4800 <br />(541) 682-4882 FAX <br />www.ci.eugene.or.us <br />Date: January 19, 2010 <br />To: Kurt Corey, Public Works Director <br />From: Jackie Hallett, PW Planning Supervisor <br />Subject: New Commercial Lease Agreement between City of Eugene and G Group, LLC <br />The City of Eugene purchased the property at 77 Garfield Street in March of 2004 for future <br />development and expansion of the Public Works Roosevelt Yard Facility. With the purchase, <br />the City inherited existing tenants. One of the two tenants remaining existing lease expires and <br />are interested in a new lease. <br />Their lease expires on February 28, 2010 and they have requested to remain a tenant but with a <br />reduced footprint from 5,900 sq. ft. to 1,600 sq. ft. for one. additional year. The standard lease <br />language includes an option to extend for an additional two one year lease extensions. The <br />anticipated revenue is just under $3,000.00 per year down from $32,000.00 per year.. <br />If you have additional questions about this lease or the property at 77 Garfield Street, please <br />feel free to contact me. <br />