TITLE
Recommendation to authorize City Manager, or designee, to execute Amendment No. 25 to Historical Site Lease No. 24291 with Rancho Los Alamitos Foundation, to provide for the annual management fee of $470,000 for lease year 2021-2022. (District 3)
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's 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 of Long Beach (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 2022 (FY 22) Budget. The management fee for FY 22 remains the same as FY 21 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 25, 2021 and by Budget Analysis Officer Greg Sorensen on October 26, 2021.
TIMING CONSIDERATIONS
City Council action is requested on November 16, 2021, to authorize the execution of Amendment No. 25 to Lease No. 24291.
FISCAL IMPACT
The Foundation's annual management fee will remain at $470,000 in FY 22. 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 budgeted scope of ...
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