TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for the Third Amendment to Lease No. 20968 with the Hansen Marital Trust and the C. and D. Hansen Revocable Trust, successors in interest to the Hansen Bypass Trust, the C. and D. Hansen Revocable Trust, and the Hansen Marital Trust, for the continued lease of City-owned property at 25 39th Place adjacent to the Belmont Brewing Company. (District 3)
DISCUSSION
On August 8, 1989, the City Council authorized the execution of Lease No. 20968 (Lease) with James A. Brennan and Berton J. Simon, and a sublease with Belmont Brewing Company, Inc. (Sublessee), for the use of approximately 1,600 square feet of City-owned property located at the southern end of 39th Place (Attachment A). The initial term of the Lease was for 25 years and allowed the Sublessee to use the area for outdoor patio seating for the Sublessee’s adjacent brewpub operation, the Belmont Brewing Company. Subsequent modifications to the Lease have included the expansion of the patio, term extensions, and various assignments of the leasehold interest. The patio totals 2,248 square feet, representing approximately 29.3 percent of Belmont Brewing Company’s total restaurant area.
The Lease, which is currently assigned to the Hansen Marital Trust and C. and D. Hansen Revocable Trust (collectively, Tenant), successors in interest to the Hansen Bypass Trust, the C. and D. Hansen Revocable Trust, and the Hansen Marital Trust, expired on September 30, 2019. The Tenant has requested an extension, as well as modification of certain Lease provisions. Given the longstanding history of this Lease and that no alternative use is foreseen in the next five years, staff has negotiated and recommends a five-year extension as follows:
· Landlord: City of Long Beach, a municipal corporation.
· Tenant: Hansen Marital Trust and the C. and D. Hansen Revocable Trust (Collectively, Tenant), successors in interest to Hansen Bypass ...
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