Laguna Beach

City Council

May 14, 2024 Item #14

Agenda Item 14

14. REASSIGNMENT AND EXTENSION OF THE ALICE COURT (450\nGLENNEYRE) GROUND LEASE AND EXTENSION OF AFFORDABILITY\nTERM\nRecommendation: Approve and authorize the City Manager to execute the following\ndocuments, in substantially similar form to the versions attached to the agenda report,\nand subject to minor modifications by the City Manager or City Attorney:\na. Second Amendment and Assignment and Assumption of Ground Lease;\nb. Estoppel Certificate; and\nc. Regulatory Agreement and Declaration of Restrictive Covenants.\nAgenda Report