REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Kellee Fritzal, Deputy Director of Economic Development
Subject:
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Approve and authorize a 5-year Lease Agreement between the City of Huntington Beach and Visit Huntington Beach (VHB) for the International Surf Museum located at 411 Olive Avenue and allow VHB to sub-lease the Museum to Surfing Heritage Cultural Center (SHACC)
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Statement of Issue:
The City Council is requested to approve a five (5) year lease agreement and one five (5) year option with Visit Huntington Beach for the operation of an International Surf Museum located at 411 Olive Avenue. The Lease would allow VHB to sub-lease the Museum to Surfing Heritage Cultural Center, with approval from the City.
Financial Impact:
Lease revenues received from the sub-lease agreement with Visit HB is deposited into the General Fund. The first year will generate an additional $1,044, for a total annual amount of $7,200. Each successor year will increase by the Consumer Price Index (CPI-U, all consumers, for the Los Angeles, Long Beach, Anaheim Metro Statistical Area for the period ending June 30).
Recommended Action:
recommendation
A) Approve and authorize the Mayor, City Clerk, and City Manager to execute the "Lease Agreement between the City of Huntington Beach and Visit Huntington Beach"; and,
B) Authorize the City Manager to consent to the Sub-Lease Agreement on behalf of the City.
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Alternative Action(s):
Do not approve the Lease Agreement and direct staff accordingly.
Analysis:
On January 27, 2012, the City Council approved a five (5) year lease with Huntington Beach Marketing and Visitors Bureau ("MVB") for operation of the International Surf Museum located at 411 Olive Avenue. During that time, MVB sought to keep the International Surf Museum in Huntington Beach and establish it as a reputable, first-class attraction that highlights H...
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