City Council

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