City Council

6. TERMINATING THE GROUND LEASE BETWEEN THE CITY OF ESCONDIDO AND TRANSFORMCO;\nENTERING INTO A GROUND LEASE BETWEEN THE CITY OF ESCONDIDO AND COSTCO WHOLESALE\nCORPORATION; AND DECLARATION OF EXEMPT SURPLUS PROPERTY\nRequest the City Council adopt Resolution No. 2023-47 authorizing the Mayor and other Authorized\nOfficers to execute two documents: 1) An agreement terminating the existing Ground Lease between\nthe City of Escondido and Transform Operating Stores (“Transformco”) for the former Sears site at 210\nEast Via Rancho Parkway (herein referred to as the “Sears Site”) at the North County Mall Property in\nEscondido; 2) A Ground Lease between the City of Escondido and Costco Wholesale Corporation\n(“Costco”) for the same site. Additionally, request the City Council further declare the subject property\nas Exempt Surplus Property pursuant to Government Code section 54221(f)(1)(G).\nStaff Recommendation: Approval (City Manager’s Office: Christopher W. McKinney, Deputy City\nManager/Director of Utilities)\nPresenter: Christopher W. McKinney\na) Resolution No. 2023-47\nCONSENT RESOLUTIONS AND ORDINANCES (COUNCIL/RRB)\nThe following Resolutions and Ordinances were heard and acted upon by the City Council/RRB at a previous City\nCouncil/Mobilehome Rent Review meeting. (The title of Ordinances listed on the Consent Calendar are deemed to\nhave been read and further reading waived.)