REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Oliver Chi, City Manager
PREPARED BY: Ursula Luna-Reynosa, Director of Community Development
Subject:
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**ITEM WITHDRAWN BY STAFF PER MEMO FROM ASSISTANT CITY MANAGER**
Authorize and direct the City Manager to execute a Ground Lease Agreement, in a form approved by the City Attorney, to lease real property located at 17642 Beach Blvd. by and between the City of Huntington Beach and Shigeru Yamada, Trustee of the Shigeru Yamada Living Trust, and Mitburu Yamada, Trustee of the Mitsuru Yamada Living Trust; Approve allocation of funds necessary to lease the property for a period not to exceed 8 months; and Approve allocation of funds necessary to acquire 17642 Beach Blvd
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Statement of Issue:
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Financial Impact:
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Recommended Action:
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A) Authorize and direct the City Manager to execute a Ground Lease Agreement, in a form approved by the City Attorney, by and between the City of Huntington Beach and Shigeru Yamada, Trustee of the Shigeru Yamada Living Trust, and Mitburu Yamada, Trustee of the Mitsuru Yamada Living Trust to acquire the Property; and
B) Appropriate funds of $120,000 from COVID-19 monies available to the City; and
C) Appropriate funds of $3,250,000 from Fund 352 for acquisition of the Property.
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Alternative Action(s):
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Analysis:
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Environmental Status:
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Strategic Plan Goal:
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Attachment(s):
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