HomeMy WebLinkAbout09 - Amendment to Revocable License Agreement for Use of City -Owned Property at 1499 Monrovia Avenue - PowerPointAmendment No. One
to License Agreement
with Pacificn
City Council Regular Meeting
March 8, 2022
SEIMONE JURAS, COMMUNITY DEVELOPMENT DIRECTOR
LAUREN WOODING WHITLINGER, REAL PROPERTY ADMINISTRATOR
March 8, 2022
Item No. 9
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1499 Monrovia Avenue
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City Council Policy F-7 -
Income Property
Fair Market Value Annual Rent
$28,665
based on 3 nearby City parking lots
average hourly rate $1.87, 28 parking spaces
10 hours/day, 365 days/year, 15% occupancy rate
can be waived for unique service to community
would not otherwise be provided if full market value required
Open Bid can be waived if changing licensee would
result in excessive vacancy or other costs
Questions and Discussion
CITY COUNCIL REGULAR MEETING
MARCH 8, 2022
SEIMONE JURJIS>, Community Development Director
SJURJIS(WNEWPORTBEACHCA.GOV, 949-644-320
LAUREN WOODING WHITLINGER, Real Property
Administrator
LWOODING@NEWPORTBEACHCA.GOV, 949-644-3236
$1 /year or Not es Agreements
Back Bay Science Center
Balboa Angling Club
Sailing Fascination at BYB (slip)
Boys' and Girls' Club
Dory Fishing Fleet
Girl Scouts of Orange County
Fletcher Jones Motorcars
Newport Elementary Playground
Newport Harbor Lawn Bowling
Newport Theater Arts Center
North Star Beach — Imua Outrigger