City Council

13. Amendment No. One to Option to Ground Lease Agreement with Balboa Fun\nZone Realty Investments LLC for Use of Palm Street Parking Lot Located at\n200 Palm Street\na) Find this project is exempt from the California Environmental Quality Act\n(CEQA) pursuant to Sections 15060(c)(2), 15060(c)(3), and 15378 of the CEQA\nGuidelines, because this action is not a project, Section 15301 (Existing facilities),\nand Section 15302 (Replacement or Reconstruction) of the CEQA Guidelines,\nCalifornia Code of Regulations, Title 14, Chapter 3, because this approval\nauthorizes an extension to the option to lease to extend the timeframe for lease\nnegotiations but does not authorize a specific project or project scope and\ntherefore has no potential to have a significant effect on the environment; and\nb) Authorize the City Manager and City Clerk to execute Amendment No. One to\nOption to Ground Lease Agreement By and Between the City of Newport Beach\nand Balboa Fun Zone Realty Investments LLC in a form substantially similar to\nthe amendment attached to the staff report.\nStaff Report\nAttachment A - Amendment One to Option to Ground Lease Agreement\nAttachment B - Option to Ground Lease Agreement and Consent to Assignment