Legislation Details

File #: 24-0330   
Type: Regular Business Status: Agenda Ready
In control: City Council - Successor Agency - Housing Authority
On agenda: 6/18/2024 Final action:
Title: CALIFORNIA STATE UNIVERSITY FULLERTON / FULLERTON GROUND LEASE AND FULLERTON / SKY HARBOR FULLERTON, LLC SUBLEASE AMENDMENTS
Attachments: 1. 061824 ADM CSUF / Sky Harbor Lease Agenda Report, 2. 061824 ADM CSUF / Sky Harbor Lease Presentation, 3. 061824 ADM CSUF / Sky Harbor Lease Ground Lease Amendment, 4. 061824 ADM CSUF / Sky Harbor Lease Sublease Amendment

Title

CALIFORNIA STATE UNIVERSITY FULLERTON / FULLERTON GROUND LEASE AND FULLERTON / SKY HARBOR FULLERTON, LLC SUBLEASE AMENDMENTS

Summary

City Council consideration of Amendment to Ground Lease between The Board of Trustees of the California State University and The City of Fullerton, California and the Amended and Restated Sublease between The City of Fullerton, California and Sky Harbor Fullerton, LLC for the Marriott hotel.

 

Recommendation

Proposed Motion:

 

1.                     Approve in substantially the form attached and authorize City Manager, or designee, to finalize, execute and administer Amendment to the Ground Lease by and between The Board of Trustees of the California State University and The City of Fullerton, California, in a form approved by the City Attorney.

 

2.                     Approve in substantially the form attached and authorize City Manager, or designee, to finalize, execute and administer Amended and Restated Sublease by and between The City of Fullerton, California and Sky Harbor Fullerton LLC, in a form approved by the City Attorney.