City Council

8J.\nCity Manager – Approve Assignment and Assumption of Ground Lease and Ground Lessor\nEstoppel Certificate for City-Owned Property Located at 3455, 3511 and 3525 Pacific Coast Highway.\nExpenditure: None.\nRecommendation of the City Manager that City Council:\n1. Approve an Assignment and Assumption of Ground Lease from JAS Madison I, LLC (“Assignor”), to\nLa Caze Development Company, LLC (“Assignee”) for lease of City-owned property located at\n3455, 3511, and 3525 Pacific Coast Highway; and\n2. Approve a Ground Lessor Estoppel Certificate to JAS Madison, I, LLC for lease of City-owned\nproperty located at 3455, 3511 and 3525 Pacific Coast Highway.