TITLE
Recommendation to authorize City Manager to execute an eighth amendment to Lease No. 24291 by and between the City of Long Beach and Rancho Los Alamitos Foundation to extend the term through September 30, 2026. (District 3)
DISCUSSION
Rancho Los Alamitos (Rancho) is a living historical site of State significance, which is on the National Register of Historical Places. It is one of the few remaining sites that represents the development of Southern California from Native American settlement through the early California and rancho period, to the rapid urbanization of the late Twentieth Century. The physical resources of the Rancho, in combination with its history, create a unique resource for the City and region.
For nearly two decades, the Rancho Los Alamitos Foundation (Foundation/Lessee) has overseen the management and operation of the Rancho on behalf of the City. Lease No. 24291 (Lease) requires the Foundation to use its best efforts to provide funding to accomplish new construction, educational, and site enhancement projects to enable the historical site to reach its full potential as a landmark of significant historical and educational value for the benefit of the community. On June 23, 2006, the Foundation received notification of a $1.5 million grant award from the California Cultural and Historical Endowment (Agency). The Foundation intends to use the funds toward work that is part of the Rancho master plan approved in concept by the City in July 1989, and subsequently incorporated as part of the Lease. The improvements encompass relocation, repair, and restoration of the significantly deteriorated historic barns, and related public safety and utility improvements, including fire suppression and seismic strengthening and restoration of the barnyard landscape. The Foundation will contribute $1.5 million, obtained through fundraising efforts, to satisfy the one-for-one matching funds requirement. The project will commence following completion and ...
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