TITLE
Recommendation to authorize City Manager, or designee, to execute the First Amendments to Long Beach Airport Commercial Use Permit Numbers 1950 and 1958 with Million Air North, Inc., a California corporation, for City-owned property at 4137 East Donald Douglas Drive. (District 5)
DISCUSSION
On March 17, 2020, the City Council took several actions to address the impacts of the COVID-19 pandemic on the Long Beach community. This included a moratorium on evictions, a deferment of monthly rent, and provided for a subsequent rent repayment period for both residential and commercial renters. As the adverse effects of the pandemic continue to bear upon the community, these mitigating actions continue to evolve. On May 19, 2020, the City Council authorized an extension to the moratorium, but exempted the Long Beach Airport (Airport) so that staff could work with tenants on a case-by-case basis to address COVID-related impacts and negotiate rent deferments or other accommodations in accordance with Federal Aviation Administration (FAA) grant assurances and other applicable aviation regulations. Consequently, the Airport and its partners have held several discussions on various City and State initiatives that provide numerous ways to assist the community with the ongoing economic and health challenges due to the pandemic.
Through these discussions, the Airport has implemented a tenant assistance program (Program), designed to help its tenants sustain their business operations during the current economic crises. The Program provides Airport tenants the option to participate in a short-term rent deferral, which may also include the deferral of any scheduled 2020 rent adjustments and capital improvements as prescribed under their respective leases. Tenants may choose from the following options for deferrals:
· Deferral of three months of full rent to be repaid in equal installments over the subsequent six-month period; or
· Deferral of 50 percent of rent for a...
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