Title
Ordinance No. 2024-29 and Resolution No. 2024-80: Amendments to Ground Lease and Local Coastal Program Amendments Related to the Lido House Hotel Site (PA2020-068)
Recommendation
a) Find this action is consistent with the California Environmental Quality Act (CEQA). Pursuant to Section 15062 of the CEQA Guidelines, the changes authorized under the project are not substantial, as they do not involve new significant effects or a substantial increase in the severity of previously identified significant effects, and therefore, a subsequent Environmental Impact Report (EIR) does not need to be prepared;
b) Adopt Resolution No. 2024-80, A Resolution of the City Council of the City of Newport Beach, California, Adopting a Local Coastal Program Amendment to Change the Development Limit Specified in the Coastal Land Use Plan Related to the Lido House Hotel Located at 3300 Newport Boulevard and 475 32nd Street (PA2022-068);
c) Waive full reading, direct the City Clerk to read by title only, introduce Ordinance No. 2024-29, An Ordinance of the City Council of the City of Newport Beach, California, Adopting a Local Coastal Program Amendment to Change the Development Limit Specified for the Lido House Hotel Located at 3300 Newport Boulevard and 475 32nd Street (PA2020-068), and pass to second reading on December 10, 2024;
d) Authorize the City Manager and City Clerk to execute the Second Amendment to Ground Lease between the City of Newport Beach and Lido House, LLC (Tenant), to update certain terms and conditions related to mortgage financing of the leased premises, in a form substantially similar to the agreement prepared by the City Attorney; and
e) Authorize the City Manager and City Clerk to execute the Option Agreement to Ground Lease with Related Third Amendment to Ground Lease and Third Amendment to Ground Lease between the City of Newport Beach and Lido House, LLC (Tenant), to incorporate the property located at 475 32nd Street into the leased premises and all...
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