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1975-0618_WORLD REPAIR, INCORPORATED_B4_Agenda Report AGENDA ITEM June 18, 1975 z ' TO: James S. Mocalis, City Manager FROM: W. D. Murphy, Director of Public Works SUBJECT: Renewal of Lease - World Repair Inc_ SITUATION: The City presently leases a portion of the corporation yard to World Repair, Inc. for one dollar per year. World Repair, Inc. is an organization which deals with salvaging recyclable materials . A communication received by the City from World Repair, Inc. requests the lease be extended until December 31 , 1975. World Repair, Inc . stated they are still doing business although there is a question as to the future of the organi- zation. The lease extension would provide the time to either strengthen the organization or orderly terminate operations . The present World Repair operation does not interfere with any City functions. FINANCIAL CONSIDERATIONS: The City receives one dollar lease fee, and incurs no expenses. ALTERNATE ACTIONS: 1. Approve extension of lease, and authorize the Mayor to sign. 2. Terminate the lease by not granting extension. RECOMMENDATION: By motion, approve the extension of the lease with World Repair, Inc . and authorize the Mayor to sign. IIRespectfully submitted, 40 W. D. Mur y WDM: JV: rm Encl. FOR CITY COUNCIL AGENDA JU • . . . . ...••••••� U