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HomeMy WebLinkAbout17 - Committee to Discuss Lease Terms for MarinaparkCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 17 May 27, 2003 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: City Manager's Office Sharon Wood, Assistant City Manager 644 -3222, swood @city.newport- beach.ca.us SUBJECT: Appointment of Committee to Discuss Lease Terms for Marinapark Property with Sutherland Talla Hospitality RECOMMENDATION: Confirm Mayor's appointment of Mayor Pro Tern Ridgeway and Council Member Heffernan. DISCUSSION: Following the City Council's approval of an amended agreement with Sutherland Talla on March 11, 2003, the City Attorney and staff are following up on tidelands and mobile home park issues and retaining consultants to prepare environmental, economic and fiscal studies of the proposed hotel. Especially for the economic and fiscal studies, it will be helpful to know the general terms of a lease that the City Council would accept, should the project be approved by the voters. Information on economic return to the City from the development will also be important to the voters. At the Council meeting of May 13, Mayor Bromberg expressed his intention to appoint a City Council committee comprised of Mayor Pro Tern Ridgeway and Council Member Heffernan to discuss lease terms with Sutherland Talla Hospitality. Submitted by: Sharon Wood Assistant City Manager