DATE: July 17, 2018
SUBJECT:
Title
ORDINANCE GRANTING AN APPROXIMATELY SIXTY-THREE (63) YEAR NINE (9) MONTH EASEMENT, IN SUBSTANTIAL FORM, TO THE CITY OF SAN DIEGO FOR WATER FACILITIES LOCATED WITHIN THE SETBACK PARK, NORTH OF WEST BROADWAY BETWEEN NORTH HARBOR DRIVE AND PACIFIC HIGHWAY IN THE CITY OF SAN DIEGO, TERMINATING MAY 31, 2082
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EXECUTIVE SUMMARY:
The District entered into a 66-year Lease1 (Lease) with LFS Developers, LLC, (Lane Field South) on June 1, 2016 to operate a 400-room single-branded Intercontinental Hotel located between Pacific Highway and North Harbor Drive, north of West Broadway, in the City of San Diego. As part of the Lease, Lane Field South was required to build a 55-foot setback park from north of West Broadway between Harbor Drive and Pacific Highway to the south property line of Lane Field South's leasehold in the City of San Diego (Broadway Setback Park).
As part of completing Broadway Setback Park, the City of San Diego (City) is requesting an approximately 550-square-foot easement for access and maintenance of a 6-inch domestic water line and water meters located along West Broadway (Attachment A - Location Map).
Staff recommends the Board grant an easement, in substantial form, to the City commencing on or about September 1, 2018 and ending May 31, 2082.
RECOMMENDATION:
Recommendation
Adopt an Ordinance Granting an Approximately Sixty-Three (63) Year and Nine (9) Month Easement, in Substantial Form, to the City of San Diego for Water Facilities Located within the Setback Park, North of West Broadway between North Harbor Drive and Pacific Highway in the City of San Diego, Terminating May 31, 2082.
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FISCAL IMPACT:
This Board action has no fiscal impact.
This agenda item is subject to Board Policy No. 106 - Cost Recovery User Fee Policy.
COMPASS STRATEGIC GOALS:
This agenda item supports the following Strategic Goal(s).
* A Port with a comprehensive vision for Port land and water uses integrated to regi...
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