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:
title
Rent Abatement for certain tenants at City-owned facilities
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Statement of Issue:
The City owns real property throughout the City and has leased certain premises to tenants. Many of the City's tenants have been gravely affected by the COVID-19 pandemic. The City Council is asked to authorize and direct the City Manager and/or his designee to implement rent abatement for certain tenants at City-owned facilities to mitigate some of the financial burden imposed due to the COVID-19 pandemic.
Financial Impact:
The total estimated impact to the General Fund Revenue for Rent Abatement is $155,077 for the month of March, $170,947 for April, and $174,296 per month for May and every month thereafter. The overall Rent Abatement cost impacts include the following:
* Rent abatement for Ocean View Estates Mobile Home Park account 10000100.43166 is $53,352 per month.
* Rent abatement for concessionaire lease accounts (10000100.43165; 10000100.43085; 10000100.43095; 10000100.43145; 10000100.43150; 10000100.43155) range from $101,725 to $120,944 per month, depending on time of year.
Recommended Action:
recommendation
Authorize and direct the City Manager and/or his designee to implement rent abatement to concessionaire tenants of various City-owned facilities, effective from the date of the issuance of the State of California's Proclamation of State of Emergency (March 4, 2020) until the Proclamation is lifted. A list of included tenants is attached as Attachment No. 1.
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Alternative Action(s):
Do not approve the rent abatement and direct staff accordingly.
Analysis:
Huntington Beach is responding to the spread of the novel coronavirus, COVID-19, a respiratory illness being reported internationally, including in the United States and Orange Cou...
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