To: MAYOR AND CITY COUNCIL
From: STEPHEN PROUD, WATERFRONT AND ECONOMIC DEVELOPMENT DIRECTOR
TITLE
title
APPROVAL OF CONSENT TO AMENDMENT TO LEASE FOR FIVE INDIVIDUAL SUBLEASES BETWEEN RDR LIVING TRUST OF 1996, ROBERT DALE RESNICK, TRUSTEE AND:
(1) HAWAIIAN BLENDS AND SMOOTHIES, INC., DBA BELLA GELATO;
(2) DONG KYU PARK AND SUNG EUN LEE, DBA JADE SNOW;
(3) JOOMI OH, DBA MERMAID'S DOWERY;
(4) PEGGY HIRAIZUMI, DBA KOBE PEARL; AND
(5) JAYANTHA I. DEMEL AND PARIN DEMEL AND VIVIKA BERNADETTE DEMEL AND SAMANTHA ANN DEMEL OM, DBA PIER BAKERY
end
EXECUTIVE SUMMARY
RDR Living Trust of 1996, Robert Dale Resnick, Trustee ("Lessee"), is the current Lessee under a ground lease with the City of Redondo Beach ("City") dated July 1, 2008 ("Master Lease"), for the premises located at 100 (A-L) Fisherman's Wharf on the Redondo Beach Pier. Under the Master Lease, the City, as Lessor, retains the right to consent to all subleases, amendments to subleases and assignments within the leasehold. Lessee has requested the City's consent to five sublessee amendments that will provide for extended lease terms. Three sublessees are located in the Harbor Uplands; two in Harbor Tidelands.
BACKGROUND
On July 1, 2008 the City of Redondo Beach entered into a Master Lease with RDR Living Trust of 1996 "RDR" or "Lessee" for the premises located at 100 (A-L) Fisherman's Wharf on the Redondo Beach Pier. The Master Lease between the City and Lessee is for a term that runs from July 1, 2008 to June 30, 2063 and includes two options to extend the Lease an additional eleven years. The Master Lease allows for portions of the leasehold property to be subleased. The leasehold, known as The Redondo Landing, is comprised of retail and food service businesses located at 100 (A-L) Fisherman's Wharf on the Redondo Beach Pier. In accordance with the Master Lease, Lessee is required to obtain City consent for all subleases, amendments to subleases and assignments.
Lessee is requesting the Cit...
Click here for full text