NEWPORT BEACH
The City Council will consider a proposal to extend the lease for American Legion Post 291 at Marinapark until March 15, 2002, at its meeting tonight.
On Oct. 25, 1999, the council extended the lease until March 15, 2001. A mobile home park, which occupied the same city-owned land on Balboa Peninsula, has a lease until March 15, 2002.
The city leases the land for $300 per month, plus money from parking stalls, marina slip rentals and dry storage areas and lockers. The city gets about $105,000 a year from the lease.
In August, the council entered an exclusive negotiating agreement with a developer who plans to build a $30-million luxury hotel on the site.
Council members are likely to approve the lease extension.
The council meets at 7 p.m. at City Hall, 3300 Newport Blvd.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
