Del Mar to get refund for lease overcharges

By Joe Tash

The 22nd District Agricultural Association board on Tuesday, Jan. 10, agreed to refund any overpayment by the city of Del Mar on its lease of property on the Del Mar fairgrounds for use as a fire station.

The lease between the city and the state of California, administered by the agricultural district, began in 2000 and runs through 2025.

Both the city and the 22nd DAA staff believe the state miscalculated rent increases under the lease, according to a report by agricultural district staff.  A letter from the city indicates the total amount overpaid is $85,000.

The board voted Tuesday to calculate the amount of overpayment and refund that amount to the city, possibly by waiving rent payments in the coming year.  The board will also work with the state to amend the lease to require a payment of $1 per year from the city, the previous rate in place before the current lease was enacted.

The city paid $40,000 to lease the property in 2000, and the rent has increased each year under a formula contained in the lease, tied to the Consumer Price Index.

City officials contend the $1 per year lease is justified because the fairgrounds generates the most calls for Fire Department service of any location within the city.

Related posts:

  1. More information on rules needed from state, Del Mar fair board says
  2. Boy Scouts cannot lease city property, court upholds
  3. Del Mar: Survey results in on fairgrounds sale
  4. Del Mar’s financing plan for fairgrounds draws criticism
  5. Del Mar, Solana Beach may be part of bill that would give more control over fairgrounds

Short URL: http://www.delmartimes.net/?p=30582

Posted by Staff on Jan 12, 2012. Filed under Del Mar, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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