To: MAYOR AND CITY COUNCIL
From: GREG KAPOVICH, WATERFRONT & ECONOMIC DEVELOPMENT DIRECTOR
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APPROVE THE FIFTH AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT FOR SPECIAL EVENT SERVICES AND REVOCABLE LICENSE WITH SANFORD VENTURES, INC. FOR THE USE OF REAL PROPERTY FOR THE BEACHLIFE FESTIVAL AMENDING THE OPERATING HOURS, FACILITY USE FEE, NUMBER OF PUBLIC PARKING SPACES USED BY FESTIVAL OPERATORS, AND THE REIMBURSEMENT OF MUNICIPAL EXPENSES ASSOCIATED WITH THE FESTIVAL FOR ONE EVENT TO OCCUR DURING THE TERM APRIL 16, 2024 THROUGH JULY 31, 2024
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EXECUTIVE SUMMARY
The proposed Fifth Amendment to the Amended BeachLife License Agreement with Sanford Ventures, Inc. (Producer) includes seven primary changes that would apply to the May 3-5, 2024 Festival event. The changes include: 1) setting the end time for amplified music to 9:00 pm on Sunday and 10:30 pm on Friday and Saturday, 2) increasing the Daily Facility Use Fee to $16,391 per day for a three-day period, 3) increasing the reimbursement to the City for municipal services and safety costs to $80,000 for the May 2024 Festival, 4) providing the Producer the option of up to seven additional load-in days for an additional $1,000 per day, 5) allowing the use of up to 200 parking spaces within the Pier Parking Structure for an additional $20 per day, per stall, 6) increasing the cost and number of optional/additional public surface parking spaces within the marina parking lot made available for use by the festival to $5,000 and 117 spaces respectively, and 7) allowing the use of the surface parking lot and vacant building at the old Joe's Crab Shack site for $500 per day for a three-day period.
BACKGROUND
On December 19, 2017, the Redondo Beach City Council approved an agreement with Sanford Ventures, Inc. entitled, "Agreement for the Special Event Services and Revocable License for the Use of Real Property" (Agreement) for the production of the BeachLife Festival. On September 4, 2018, th...
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