City Council

Item S401:\nApprove Termination Agreement Related to the 1983 Corporation Grant Deed\nBetween Ocean Industries, Inc. and City of San Diego; Approve First Amendment to\nSurf Sports Percentage Ground Lease for Property Located on the Corner of El\nCamino Real and Via de la Valle, Del Mar, CA 92014; Waive Portions of CP 700-10;\nDetermine that the Proposed Actions are Exempt Under CEQA. (Added 10/23/25)\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThere are no costs associated with this item.\nCouncil District(s) Affected: 1.\nProposed Actions:\nSubitem-A: (R-2026-164)\nResolution determining that approval of two associated agreements, a termination\nagreement and a first amendment to ground lease, related to the 114-acre site commonly\nreferred to as the Polo Fields in Del Mar, is categorically exempt under the California\nEnvironmental Quality Act, Title 14 California Code of Regulations Section 15323 and\n15301.\nSubitem-B: (R-2026-163)\nResolution approving a termination agreement between the City and Ocean Industries\nInc., related to certain use restrictions in the 1983 grant deed, and approving a first\namendment to the percentage ground lease between the City and Surf Sports LLC related\nto the 114-acre site commonly referred to as the Polo Fields in Del Mar; and waiving\nportions of Council Policy 700-10 related to updating standard provisions and rent in\namendments to long-term leases.\nCommittee Actions Taken: N/A\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Jenny K. Goodman