TITLE
Recommendation to authorize City Manager, or designee, to execute Amendment No. 26 to Historical Site Lease No. 24291 with Rancho Los Alamitos Foundation, to provide for the annual management fee of $470,000 for lease year 2022-2023. (District 4)
DISCUSSION
On October 3, 1995, the City Council authorized Historical Site Lease No. 24291 (Lease) with the Rancho Los Alamitos Foundation (Foundation) to manage, operate, and interpret the City of Long Beach's (City) historical site known as Rancho Los Alamitos Historic Ranch and Gardens (Rancho). As stated in the Lease, the Foundation is responsible for enhancing the educational value of the Rancho through public and community activities, assemblies, and visits. The Foundation is responsible for maintenance of gardens, residential and agricultural structures, interiors and furnishings, fixtures, utilities, carpeting, and equipment.
In consideration of the Foundation's Lease to manage the educational, historical, and community service aspects of the Rancho, the City pays the Foundation an annual management fee. The management fee was approved by the City Council during adoption of the City's Fiscal Year 2023 (FY 23) Budget. The management fee for FY 23 remains the same as FY 22 at $470,000. A Lease Amendment is required to memorialize the proposed management fee for this lease year. All other terms and conditions of the Lease will remain unchanged.
This matter was reviewed by Deputy City Attorney Anita Lakhani on October 28, 2022 and by Budget Analysis Officer Greg Sorensen on November 3, 2022.
TIMING CONSIDERATIONS
City Council action is requested on December 6, 2022, to authorize the execution of Amendment No. 26 to Lease No. 24291.
FISCAL IMPACT
The Rancho Los Alamitos Foundation's annual management fee will remain at $470,000 in FY 23. Sufficient funds are budgeted in the General Fund Group in the Parks, Recreation and Marine Department. This recommendation has no staffing impact beyond the normal...
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