HomeMy WebLinkAboutCC AG PKT 2003-01-13 #H City of Seal Beach
Agenda Report t �, 1
Date: January 13, 2003
To: Honorable Mayor and City Council
From: John B. Bahors
City Manager
Subject: Renewal of Lease for Arbor Park
SUMMARY OF REQUEST:
City Council is requested to approve a lease renewal for Arbor Park, authorize the Mayor
to execute the lease and amend the FY 2002 -03 budget to fund the costs associated with
lease renewal.
BACKGROUND:
Seal Beach has lease property from the Armed Forces Reserve Training Center for
recreational purposes since 1982. The leased area now serves as Arbor Park serving the
College Park East area. In 1982 the City entered into a lease for Arbor Park and this lease
is set to expire in December 2006. Staff has negotiated a new 25 -year lease that will run
to December 31, 2028. The City Attorney and City staff have reviewed the proposed
lease for Arbor Park.
The lease has no annual payment or rental charge; however, it does require a one -time
payment of $7,000 to reimburse the federal government for a required environmental
study and contract administration. Staff has prepared a budget amendment to reimburse
the Federal Agency overseeing the contract.
FISCAL IMPACT:
The one -time fee of $7,000 will reduce the estimated fiscal year ending undesignated
General Fund balance from $4,641,719 to $4,634.719.
Agenda Item
• .
RECOMMENDATION:
1. Approve the lease and authorize the Mayor to execute the new lease agreement
2. Adopt resolution cfe f 7 amending the FY 2002 -03 Budget
SUPPORTING DOCUMENTS:
A. Lease agreement for Arbor Park
B. Resolution number 5017 amending the FY 2002 -03 Budget