https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5996286&GUID=0FA53794-2336-41DE-B823-70AFAF7BE6C6&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5996286&GUID=0FA53794-2336-41DE-B823-70AFAF7BE6C6&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA940FA53794-2336-41DE-B823-70AFAF7BE6C6-2025-12-05-23-59-46Title: AUTHORIZE the Chief Executive Officer (“CEO”), or their designee, to execute a five-year option to extend the existing lease agreement with Andy Azad 2002 Irrevocable Trust (“Landlord”) for the use of 44,964 rentable square feet (“RSF”) of warehouse and office space located at 2950 East Vernon Avenue in Vernon (“Vernon Warehouse”), commencing August 1, 2023, at a monthly rental rate of $46,391.78 with fixed annual increases of approximately three percent (3%) for a total of $2,955,603 over the five-year option term. The annualized rental rate over the initial term, including the option increases the total amount of the lease from $2,189,247 to $5,144,850.Fri, 05 Dec 2025 23:59:46 GMT