File #: ID#25-499    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 10/30/2025 In control: City Council
On agenda: 11/4/2025 Final action:
Title: Amendment to Ground Lease between the City of Salinas and PenFed Credit Union (1410 North Main Street, Salinas)
Attachments: 1. Staff Report re Amendment to Lease Agreement with PedFed Credit Union (November 4 2025), 2. Letter to City of Salinas - potential sub-lease OCT2025 FINAl, 3. 1400 N Main St allUS Credit Union Lease 07-09-2015, 4. Salinas amendment SJG signed

Title

Amendment to Ground Lease between the City of Salinas and PenFed Credit Union (1410 North Main Street, Salinas)

Recommended Action

Approve a Resolution authorizing the Mayor to enter into an Amendment to the Ground Lease between the City of Salinas and PenFed Credit Union related to the property located at 1410 North Main Street, Salinas, to allow for an additional period of time for PenFed Credit Union to identify a replacement tenant.