REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
VIA: Eric McCoy, Fire Chief
PREPARED BY: Carlina Thomas, Assistant to the City Manager
Subject:
title
Approve and Authorize Amendment to the Lease Agreement Between the City of Huntington Beach and Tank Farm LC
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Statement of Issue:
The City of Huntington Beach and Tank Farm LC wish to amend the Original Agreement to extend term and provide additional provisions. The term will be extended for an additional fifteen (15) years, expiring in 2055. City grants Tank Farm LC exclusive license to use premises for any and all lawful purposes, subject to City Municipal and Zoning Codes, and all other applicable laws, rules and regulations.
Financial Impact:
City to pay Tank Farm LC rent that will not exceed One Dollar ($1.00) per year beginning after all City improvements in Section 5 of the Amendment are completed. Tank Farm LC will pay City an annual License fee of One Dollar ($1.00). City is responsible for removing existing concrete and fencing and installing new concrete and fencing. City will remove all existing utility lines from the premises.
Recommended Action:
recommendation
Approve and Authorize Amendment to Lease Agreement between the City of Huntington Beach and Tank Farm LC.
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Alternative Action(s):
Do not approve and authorize the recommended action, and direct staff accordingly.
Analysis:
The City of Huntington Beach and Tank Farm LC wish to amend the Original Agreement to extend term and provide additional provisions. The term will be extended for an additional fifteen (15) years, expiring in 2055. Rent to be paid by City to Tank Farm LC will not exceed One Dollar ($1.00) per year beginning after all City improvements in Section 5 of the Amendment are completed. City grants Tank Farm LC exclusive license to use premises for any and all lawful purposes, subject to City Municipal and Zoning Codes, and ...
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