REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
December 3, 2024
FROM
BEAHTA R. DAVIS, Director, Regional Parks Department
TERRY W. THOMPSON, Director, Real Estate Services Department
SUBJECT
Title
Amendment No. 13 to Revenue Lease Agreement with Live Nation Worldwide, Inc., a Delaware Corporation for Glen Helen Amphitheater in San Bernardino
End
RECOMMENDATION(S)
Recommendation
1. Find that the approval of Amendment No. 13 to Revenue Lease Agreement No. 92-1023 with Live Nation Worldwide, Inc., a Delaware Corporation, is exempt under the California Environmental Quality Act Guidelines, Section 15301 - Existing Facilities (Class1).
2. Approve Amendment No. 13 to Revenue Lease Agreement No. 92-1023 with Live Nation Worldwide, Inc., a Delaware Corporation to extend the term of the lease for one year from November 16, 2024 to November 16, 2025, for approximately 39.68 acres of San Bernardino County-owned property, located at 2475 Glen Helen Parkway in San Bernardino, comprising of a portion of Assessor's Parcel Number 0348-161-01-0000, and additional parking identified as portions of Assessor's Parcel Numbers 0348-161-01-0000, 0349-191-18-0000, and 0349-191-22-0000, for the Regional Parks Department, with an increase of 10% increasing the annual fixed minimum rent from $1,400,000 to $1,540,000 or 7.75% of net ticket sales, whichever is greater, and a continued 25% share of "other revenue" exceeding projected revenue, as outlined in the payment terms (Four votes required).
3. Direct the Regional Parks Department to file and post the Notice of Exemption for the project as required under the California Environmental Quality Act.
(Presenter: Terry W. Thompson, Director, 387-5000)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
Pursue County Goals and Objectives by Working with Other Agencies and Stakeholders.
FINANCIAL IMPA...
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