Amendment No. 1, The Colburn School – 120 South Olive Street, Los Angeles

Amendment No. 1 is a lease agreement modification between the County of Los Angeles and the Colburn School for the property located at 120 South Olive Street, Los Angeles. Authorized by the Board of Supervisors on June 9, 2026, and executed by the Chief Executive Office, the amendment provides options to extend the existing lease term. This extension allows the Colburn School to continue utilizing the parking lot for storage, construction staging, and other related construction activities. Under the terms of the agreement, the County will continue to receive monthly rent equivalent to the revenue currently generated from the public. Upon the conclusion of the lease term, the County must receive either the lot in an improved condition or a lump sum payment equal to the cost of repaving the leased area. The project is categorized as exempt from CEQA Guidelines under sections 15301 and 15332, indicating that the extension poses no significant environmental impact.