TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for a lease between WCCP Airport Plaza L.B., LLC (Landlord), and the City of Long Beach (Tenant) for office space at 5001 Airport Plaza Drive, Suite 130, for the Office of Special Events and Filming. (District 5)
DISCUSSION
The City's Office of Special Events and Filming (SEF) is responsible for permitting all special events and film productions within the City, permitting more than 500 events each year, including festivals, runs/walks, holiday celebrations, and other activities. SEF issues more than 400 film permits annually and is a full-service operation that assists film, television, music, commercial production, and still photography by coordinating and facilitating the permitting process, as well as serving as a liaison with local government, the community, and the production industry.
SEF has operated from office space at 211 East Ocean Boulevard since 2010 and its current lease is set to expire on December 31, 2020. SEF has been searching for a suitable location to relocate its operations and has identified 5001 Airport Plaza Drive as the best option.
To ensure continuity for SEF operations, staff recommend a lease containing the following major terms and conditions:
· Landlord: WCCP Airport Plaza L.P., LLC, a California limited liability company.
· Tenant: City of Long Beach, a municipal corporation.
· Premises: Approximately 5,612 square feet of ground floor office space at 5001 Airport Plaza Drive, Suite 130.
· Use: General office space for SEF.
· Term: 91 months from substantial completion of tenant improvements, anticipated to be January 1, 2021.
· Option to Renew: Tenant will have an option to renew for five years at fair market rent by providing a minimum six months’ prior notice.
· Tenant Improvements: Landlord will construct tenant improvements and provide a turnkey build-out encompassing all costs of the improvements, architectural and engine...
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