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Recommendation to authorize City Manager, or designee, to execute any and all documents necessary for a License Agreement with Kilroy Realty, LP, a Delaware limited liability partnership, for the short-term use of the parking lot at 3800 Kilroy Airport Way, for the Long Beach Airport Festival of Flight. (Districts 4,5)
DISCUSSION
The Long Beach Airport (Airport) will be celebrating its annual Festival of Flight (Festival) on Saturday, October 29, 2022. This event occurs on the airfield and provides the public with the opportunity to meet with airport tenants, fixed-base operators, pilot shops, and flying schools. The Festival will feature aviation static displays, activities for kids, gourmet food trucks, refreshments, and live entertainment. More than 10,000 attendees are expected to attend the outdoor event.
Public parking for the Festival is provided on a City of Long Beach (City) owned parking lot at the corner of Wardlow Road and Globemaster Way, immediately adjacent to the airfield. Given the number of people anticipated to attend this year, additional overflow parking is needed to ensure sufficient parking for the Festival.
Kilroy Realty, LP (Kilroy) is the City’s ground lessee and owner of Aero Long Beach, formerly known as the Kilroy Airport Center, which is the 32-acre business park located on Spring Street and Kilroy Airport Way. In a collaborative effort to support the Festival, Kilroy will allow free parking on its parking lot at 3800 Kilroy Airport Way. A shuttle service to the Festival will be provided by the Airport.
The proposed License Agreement contains the following major terms and conditions:
· Licensor: Kilroy Realty, LP, a limited liability partnership.
· Licensee: City of Long Beach (City), a municipal corporation.
· Licensed Premises: The non-exclusive use of the surface parking lot located at 3800 Kilroy Airport Way.
· Term: The term of the Agreement will commence on October 28, 2022 and terminate on October 30,...
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