RESOLUTION NO. 2025-26
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TORRANCE, CALFIORNIA, DETERMINING CERTAIN
CITY-OWNED PROPERTY NOT REQUIRED FOR CITY
PURPOSES AND THAT LEASING THE PROPERTY IS IN
THE PUBLIC INTEREST
WHEREAS, the City of Torrance (CITY) is the owner in fee of approximately 7.29 acres of real property (PROPERTY) located at for reference purposes 3481 Airport Drive; and WHEREAS, the PROPERTY has been leased since September 1, 2001, and is currently developed with Fixed Base Operator/Hangar commercial buildings; and WHEREAS, the lease of the PROPERTY by CITY has and will continue to benefit the CITY by providing services, jobs, and revenue to the CITY; and
WHEREAS, the CITY has negotiated an fourth amendment (AMENDMENT) to the lease of the PROPERTY with TORRANCE FLITE PARK LLC (LESSEE) that is in the best ECONOMIC CONSIDERATIONS OF THE CITY given the additional public benefits that will result from additional percentage rent increases and additional capital investment into the property over the extended term that will BENEFIT THE PUBLIC in the form of aeronautical commercial and public services; and
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF TORRANCE, CALIFORNIA, HEREBY FIND AND DETERMINE AS FOLLOWS:
1. That, pursuant to the California Environmental Quality Act (CEQA), the First Amendment to Lease is exempt under CEQA (2025) Categorical Exemption 15301, Class 1 -Existing Facilities and 15303, Class 3 -New Construction, as the subject request is the letting of property involving existing facilities with small expansion of an existing use is planned; and
2. That the PROPERTY is not required for CITY purposes; and
3. That it is in the BEST INTERESTS of the public and the city that the noncompetitive bid AMENDMENT between the CITY and TORRANCE FLITE PARK, LLC be executed by the City and delivered to the LESSEE as it represents a substantial capital investment and additional on-going rental revenue growth for the City; and
4. That the pursuant to CALIFORNIA GOVERNMENT CODE SECTION 37280 (b)(1) the subject AMENDMENT percentage rent provisions allow for City rental revenue to respond to market conditions without the necessity of discretionary review by a city officer; and
5. That the Mayor is authorized to execute the AMENDMENT on behalf of the CITY and the City Clerk shall attest to the Mayor's signature and deliver the AMENDMENT to the LESSEE.
INTRODUCED, APPROVED, and ADOPTED this 20th day of May 2025 .
APPROVED AS TO FORM:
PATRICK Q. SULLIVAN, City Attorney ATTEST: L
t ia Y. Strader, Assistant City Attorney
TORRANCE CITY COUNCIL RESOLUTION NO. 2025-26
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF TORRANCE
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55 I, Rebecca Poirier, City Clerk of the City of Torrance, California, do hereby certify that the foregoing resolution was duly introduced, approved, and adopted by the City Council of the City of Torrance at a regular meeting of said Council held on the 20 th day of May 2025 by the following roll call vote:
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
ABSTAIN : COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
Gerson, Lewis, Kaji, Kalani, Mattucci, Sheikh, and
Mayor Chen.
None.
None.
None.
Re b cca Poirier, M
City Clerk of the City of Torrance