ICANN Resolutions » 2004-11-15 - Extension of Marina del Rey Office Lease
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Board authorizes the President and General Counsel to enter into an extention of the agreement for office space on behalf of ICANN.
Whereas, the University of Southern California, from which the Corporation currently subleases its offices in Marina del Rey, has offered to extend the sublease for one year from 1 October 2005 to 30 September 2006.
Whereas, the Board determines that the extension of this sublease is in the best interests of the organization;
Resolved [04.96] that the President and General Counsel are authorized on behalf of ICANN to enter into an extension to the lease for ICANN's present offices in Marina del Rey for an additional year, with rent plus property taxes and utilities not to exceed US$300,000 for this period, consistent with this year's and previous years' budgets.
[This resolution was unanimously approved by the Board.]