TITLE
Recommendation to authorize City Manager, or designee, to execute any and all documents necessary for the First Amendment to Sublease No. 34607 of Master Lease No. 9351, between Million Air North, Inc., a California corporation, and the City of Long Beach, for the continued use of office space at 4401 Donald Douglas Drive, Suites 150 and 250;
Authorize City Manager, or designee, to execute any and all documents necessary for a new Sublease to Master Lease No. 9351 between Million Air North, Inc., a California corporation, and the City of Long Beach, for office space at 4401 Donald Douglas Drive, Suites 100 and 220; and
Increase appropriations in the Airport Fund in the Airport Department (AP) by $14,851. (District 5)
DISCUSSION
In January 1968, the City of Long Beach (City) executed Master Lease No. 9351 (Master Lease) with Millie and Severson, Inc., for approximately 5.7 acres of land at 4401 Donald Douglas Drive (Leased Premises), for the development of an office building for a 50-year term at the Long Beach Airport (Airport). On January 14, 2000, the City executed the First Amendment to the Master Lease and reduced the Leased Premises to approximately 3.58 acres. On November 8, 2016, the Second Amendment was executed and extended the term of the Ground Lease for an additional five years. Since its initial execution, the Master Lease has been assigned three times, most recently in 2009, to Million Air North, Inc. (MANI), the current Master Tenant.
On October 8, 2021, the City executed the Third Amendment, which extended the term of the Master Lease to January 3, 2033. In addition, the Third Amendment required certain capital improvements to be completed by MANI, including the installation of an elevator compliant with the American with Disabilities Act (ADA).
Sublease No. 34607 of Master Lease No. 9351
On October 23, 2017, the City executed Sublease No. 34607 with MANI for approximately 6,073 square feet (SF) of office space at the Leased Prem...
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