Title
Amendment No. One to Option to Ground Lease Agreement with Balboa Fun Zone Realty Investments LLC for Use of Palm Street Parking Lot Located at 200 Palm Street
Recommendation
a) Find this project is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2), 15060(c)(3), and 15378 of the CEQA Guidelines, because this action is not a project, Section 15301 (Existing facilities), and Section 15302 (Replacement or Reconstruction) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because this approval authorizes an extension to the option to lease to extend the timeframe for lease negotiations but does not authorize a specific project or project scope and therefore has no potential to have a significant effect on the environment; and
b) Authorize the City Manager and City Clerk to execute Amendment No. One to Option to Ground Lease Agreement By and Between the City of Newport Beach and Balboa Fun Zone Realty Investments LLC in a form substantially similar to the amendment attached to the staff report.