HomeMy WebLinkAboutReso 56-23 86-86W LibertineRESOLUTION NO. 56-23
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA
APPROVING AMENDMENT #1 TO THE INTERIM MASTER LEASE AGREEMENT
FOR LEASE SITE 86/86W, LOCATED AT 801 EMBARCADERO,
BETWEEN THE CITY OF MORRO BAY AND LIBERTINE BREWING COMPANY, INC.
THE CITY COUNCIL
City of Morro Bay, California
WHEREAS, the City of Morro Bay is the lessor of certain properties on the Morro Bay
Waterfront described as City Tidelands leases and properties; and
WHEREAS, Libertine Brewing Company, Inc. is the current interim master leaseholder at
Lease Site 86/86W; and
WHEREAS, Tenant's representative was unable to obtain Concept Plan approval from the
Planning Commission and City Council on or before April 30, 2023 at 4:00 p.m. as required by the
approved Consent of Landowner (COL); and
WHEREAS, the City and Tenant have negotiated a six-month extension of the COL with a cost
recovery fee of $1,680 charged for staff time allocated to preparing the COL extension with daily
penalty of $100/day for any daily delays past the programmed deadlines; and
WHEREAS, the Parties desire to amend the Interim Master Lease term to conform with the
date of Condition 13 of the COL, which states "The Applicant must obtain Building Plan approval on
or before July 31, 2025 at 4:00 p.m."
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California, as follows:
1. The attached Amendment #1 to the Interim Master Lease Agreement for Lease Site
86/86W is hereby approved subject to Percentage Rent due being paid.
2. The Mayor is hereby authorized to execute said Interim Master Lease Agreement
Amendment.
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular
meeting thereof held on the 121h day of September 2023 on the following vote:
AYES: Wixom, Barton, Edwards, Ford, Landrum
NOES: None
ABSENT: None
ABSTAIN: None
RECUSE: None r
C�YY �f v
CARLA WIXOM, Mayor
AlEST.
(A
A SWA SON, City Clerk