Del Mar to seek lease of transit district property
By Joe Tash
The city of Del Mar will seek to work out a lease agreement for a small parcel of land owned by the North County Transit District.
The lot at San Dieguito Drive and Jimmy Durante Boulevard would be used for parking to improve access to the San Dieguito Lagoon and the Coast to Crest Trail, and to establish a walkway along San Dieguito Road, said a city staff report.
The City Council authorized City Manager Scott Huth to finalize the lease agreement on a 4-0 vote at its Monday, June 3, meeting.
The report said it will cost an estimated $25,000 to add gravel and striping for parking, install signage and a machine to collect parking fees, and conduct environmental studies. The city must also pay $11,000 to the transit district for appraisal and survey costs.
The proposed lease agreement calls for the city to pay $2,550 per year in rent, plus half of the net income from parking fees. Rent would be forgiven until the city’s up-front capital costs are recovered.
According to the staff report, the city anticipates that during most of the year, the public will be allowed to park in the lot for a limited charge, or no fee at all. During the San Diego County Fair, horse racing season and other special events, the lot would be operated on a market rate basis, and the revenue would be used to repay the costs of improvements.