City Council

1.\nApprove a Lease Agreement with Long Beach Arts District LLC, for monthly rent in the amount of\n$2,000 including a 3% annual escalator, to provide temporary valet and employee parking for the\nAnaheim Packing District, for a term commencing upon approval of the Housing Authority\nGoverning Board and terminating after five (5) years, and authorize the Executive Director, or\ndesignee, to execute and implement the agreement, including the administrative approval of\nmodifications necessary to reflect the formation and final legal name of a new entity wholly owned\nand operated by the principal members of the LAB Holding group established for purposes of\nmanaging the Lease Agreement, subject to approval as to form by legal counsel [145 W. Santa\nAna Street].