DATE: November 5, 2025
TO: Honorable Mayor and City Councilmembers
FROM: Public Works Department
TITLE: PERCENTAGE PROPERTY LEASE AGREEMENT WITH GIVINO ROSSINI, DBA KETTLE ON COAST FOR THE PREMISES LOCATED AT 223 NORTH COAST HIGHWAY
RECOMMENDATION
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Staff recommends that the City Council approve a Percentage Property Lease Agreement with Givino Rossini, DBA Kettle on Coast, for the use of City-owned property located at 223 North Coast Highway, for a five-year term, with one five-year extension option, for the purpose of operating a bakery/restaurant for a five-year minimum total revenue of $462,000; and authorize the City Manager to execute the agreement upon receipt of all supporting documents.
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BACKGROUND AND ANALYSIS
The City and Petite Madeline Bakery entered into a lease agreement ("Petite Madeline"), dated April 21, 2010, which was amended by Amendment 1 dated March 16, 2016, Amendment 2 dated December 2, 2020, and Amendment 3 dated October 15, 2025 ("Existing Lease"), for lease of real property located at 223 North Coast Highway consisting of 2,355 square feet ("Premises"). Petite Madeline is a bakery/restaurant establishment in downtown Oceanside that has been owned and operated by Christine Loyola since 2010. Petite Madeline occupies a portion of the City-owned building containing suites 217, 219, and 223 ("Building"), in which the Oceanside Theatre Company occupies suites 217 and 219, which is the space south of Petite Madeline.
Christine Loyola and Givino Rossino have entered into a purchase agreement for the acquisition of Petite Madeline ("Purchase Agreement"). The Purchase Agreement is contingent upon assignment of the Existing Lease to Givino Rossini, DBA Kettle on Coast ("Lessee"). The parties therefore have requested that the City consent to assignment of the Existing Lease by Lessee, and by City's approval of a new lease agreement, City would thereby consent to the assignment of the Existing Lease to Lessee, based upon the te...
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