City of Long Beach - File #: 33339_000

• File #: 33339_000
• Version: 1
• Name: RANCHO LOS CERRITOS FOUNDATION - HISTORIC SITE LEASE
• Type: Conformed Contract
• Status: CCIS
• File created: 1/16/2014
• In control: City Clerk
• On agenda: 12/17/2013
• Final action: 12/17/2013
• Title: HISTORICAL SITE LEASE: CITY LEASES TO RANCHO LOS CERRITOS FOUNDATION (TENANT) PREMISES COMMONLY KNOWN AS RANCHO LOS CERRITOS HISTORIC SITE TO MANAGE & OPERATE, CITY TO TRANSFER MAINTENANCE OPERATIONS TO TENANT - TENANT TO PAY CITY ANNUAL BASE RENT OF $1, CITY TO PAY TENANT A TENANT IMPROVEMENT ALLOWANCE OF $500,000, & CITY TO PAY TENANT MANAGEMENT FEE OF $470,000 FOR 1ST YEAR, ENDEAVOR TO MAINTAIN $470,000 FOR 2ND & 3RD YEAR, & NEGOTIATE FEE WITH THE 4TH & SUBSEQUENT YEARS
• Sponsors: Parks, Recreation and Marine
• Indexes: Leases
• Related files: 13-1058

Date	Ver.	Action By	Action	Result
12/17/2013	1	City Council	authorize City Manager

TITLE

HISTORICAL SITE LEASE:  CITY LEASES TO RANCHO LOS CERRITOS FOUNDATION (TENANT) PREMISES COMMONLY KNOWN AS RANCHO LOS CERRITOS HISTORIC SITE TO MANAGE & OPERATE, CITY TO TRANSFER MAINTENANCE OPERATIONS TO TENANT - TENANT TO PAY CITY ANNUAL BASE RENT OF $1, CITY TO PAY TENANT A TENANT IMPROVEMENT ALLOWANCE OF $500,000, & CITY TO PAY TENANT MANAGEMENT FEE OF $470,000 FOR 1^ST YEAR, ENDEAVOR TO MAINTAIN $470,000 FOR 2^ND & 3^RD YEAR,  & NEGOTIATE FEE WITH THE 4^TH & SUBSEQUENT YEARS