https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3104418&GUID=7817BD7D-DC80-497A-B1FD-22CA12787F5BLegistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3104418&GUID=7817BD7D-DC80-497A-B1FD-22CA12787F5B7817BD7D-DC80-497A-B1FD-22CA12787F5B-2025-06-09-06-23-20Title: AUTHORIZE the Chief Executive Officer (CEO) to execute a five-year exclusive lease agreement and a five-year extension option with Bike and Park Santa Monica, LLC (Bike and Park) for the Kiosk S-4 space location at Union Station in the amount of $1,970.72 monthly base rent plus an annual increase of three percent, common area maintenance (CAM) fees, and a percentage rent of ten percent of gross sales above the base rent, for a total income in excess of $500,000 over the 10-year lease. Lease will start on the earlier of 60 days from completion of the Metro Bike Hub currently under construction or the day the Bike and Park actually commences conducting business.Mon, 09 Jun 2025 06:23:20 GMT