ICANN Resolutions » 2000-07-16 - Sublease for Additional Office Space

Important note: The Board Resolutions are as reported in the Board Meeting Transcripts, Minutes & Resolutions portion of ICANN's website. Only the words contained in the Resolutions themselves represent the official acts of the Board. The explanatory text provided through this database (including the summary, implementation actions, identification of related resolutions, and additional information) is an interpretation or an explanation that has no official authority and does not represent the purpose behind the Board actions, nor does any explanations or interpretations modify or override the Resolutions themselves. Resolutions can only be modified through further act of the ICANN Board.

2000-07-16 - Sublease for Additional Office Space


Resolution of the ICANN Board
Topic: 
Additional Office Space
Summary: 

Board authorizes President to enter into an addendum to ICANN's lease for its present office space to inculde additional office space.

Category: 
Administration and Budget
Meeting Date: 
周日, 16 七月 2000
Resolution Number: 
00.54, 00.55
Status: 
Complete
Implementation Actions: 
  • Execute addendum to lease
    • Responsible Entity: ICANN President
    • Due Date: None specified
    • Completion Date: 2000
Resolution Text: 

WHEREAS, the University of Southern California, from which the Corporation currently subleases its offices in Marina del Rey, has offered to amend the sublease to add additional, adjacent office space to the demised premises;

WHEREAS, the Board determines that entry of this sublease is in the best interests of the Corporation;

Resolved [00.54], that the President is authorized on behalf of the Corporation to enter into an addendum to the Corporation's lease for its present offices in Marina del Rey under which additional office space, consisting of approximately 2435 rentable square feet, is added to the demised premises with additional rent not to exceed $5000 per month and improvement costs borne by the Corporation not to exceed $40,000;

Resolved further [00.55], that the President is authorized to include in the addendum authorized by resolution 00.54 a provision under which the improvement costs borne by the Corporation are to be paid over the remaining term of the sublease with an interest rate not to exceed 12% per annum.

Additional Information: 
  • Funding identified in resolution.