HomeMy WebLinkAbout2026-06-09; City Council; Resolution 2026-111Exhibit 1
RESOLUTION NO. 2026-111
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, IDENTIFYING THE CITY’S PROJECT TEAM AND
FUTURE NEGOTIATING AGENTS RESPONSIBLE FOR NEGOTIATING THE
SALE OR LEASE OF THE CITY-OWNED PARKING LOT PROPERTIES LOCATED
AT THE SHOPPES AT CARLSBAD WITH REPRESENTATIVES OF STEELWAVE
LLC, STEERPOINT CAPITAL AND CARLSBAD 2525 LLC
WHEREAS, the city-owned parking lot properties located at the Shoppes at Carlsbad are
comprised of 67.27 acres, with 56.97 acres located within the City of Carlsbad, and 10.3 acres located
within the City of Oceanside; and
WHEREAS, the city and Plaza Camino Real LP entered into a public parking lot operating
agreement in 1981 whereby Plaza Camino Real LP was required to operate and maintain the parking
lot properties; and
WHEREAS, the parking lot properties are currently being operated and maintained as a public
parking lot to serve The Shoppes at Carlsbad regional shopping center; and
WHEREAS, on Oct. 17, 2017, the City Council approved the Real Estate Strategic Plan, which
recommended that the city pursue the lease or sale of the parking lot properties; and
WHEREAS, on Jan. 20, 2023, Brookfield Properties, the then-owner of The Shoppes at Carlsbad,
submitted a letter to the city requesting to negotiate the terms of either a lease or purchase of the
parking lot properties; and on March 14, 2023, the City Council adopted Resolution No. 2023-081,
authorizing a project team and negotiating agents to explore potential uses of the parking lot
properties and to initiate compliance with the Surplus Land Act; and
WHEREAS, in August 2025, SteelWave LLC acquired The Shoppes at Carlsbad from Brookfield
Properties and thereby became the current owner of the shopping center and the successor in interest
to RPI Carlsbad LP / Brookfield Properties; and
WHEREAS, on March 13, 2025, the California Department of Housing and Community
Development (HCD) completed its review and determined that the parking lot properties qualify as
“exempt surplus land” under Government Code Section 54221, subdivision (f)(1)(J), on the basis that
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the deed restrictions constitute valid legal restrictions not imposed by the city that prohibit housing on
the site absent the consent of the deed restriction holder; and
WHEREAS, on June 24, 2025, the City Council adopted Resolution No. 2025-150, formally
declaring the parking lot properties as exempt surplus land under California Government Code Section
54221(f)(1)(J), consistent with the requirements of the Surplus Land Act; and
WHEREAS, because of the deed restrictions on the parking lot properties, the city may only
negotiate a lease or sale with the mall owner and the major tenants that own fee title to their stores,
or their respective successors in interest; SteelWave LLC, as the current owner and successor in interest
to RPI Carlsbad LP, is therefore the appropriate negotiating party; and
WHEREAS, on May 27, 2026, SteelWave LLC and Steerpoint Capital, as the current owners of
The Shoppes at Carlsbad and successors in interest to RPI Carlsbad LP, submitted a letter to the city
requesting to negotiate the terms of either a lease or purchase of the parking lot properties that
surround their shopping center; and
WHEREAS, the Surplus Land Act process has been completed; the parking lot properties have
been declared exempt surplus land; and the city is not required to provide Surplus Land Act notices
prior to negotiating a lease or sale of the properties; and
WHEREAS, California Government Code Section 54956.8 requires that a local agency hold an
open and public session in which it identifies its negotiators, the real property or properties which the
negotiations may concern, and the person or persons with whom its negotiators may negotiate; and
WHEREAS, staff recommend the City Council identify the city’s project team and future
negotiating agents responsible for negotiating a sale or lease of the city-owned parking lot properties
located at The Shoppes at Carlsbad with representatives for SteelWave LLC, Steerpoint Capital,
Carlsbad 2525 LLC, and any other interested property owners.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1.That the above recitations are true and correct.
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2.This action of identifying the city’s project team and potential future negotiators does not
constitute a project within the meaning of the California Environmental Quality Act under
California Public Resources Code Section 21065 in that it has no potential to cause either a
direct physical change or a reasonably foreseeable indirect physical change in the
environment.
3.That the City Attorney and/or designee(s); Deputy City Manager, Community Services; Real
Estate Manager; and Community Development Director, are designated as the project
team and future negotiating agents responsible for negotiating a sale or lease of the city-
owned parking lot properties located at The Shoppes at Carlsbad with representatives for
SteelWave LLC, Steerpoint Capital, Carlsbad 2525 LLC, and any other interested property
owners, subject to City Council approval of final terms.
4.That the City Manager is authorized to take all actions on behalf of the city necessary and
appropriate to carry out the purposes of this resolution, including the execution of
documents, subject to their approval as to form by the City Attorney.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City
of Carlsbad on the 9th day of June, 2026, by the following vote, to wit:
AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin.
NAYS: None.
ABSTAIN: None.
ABSENT: None.
______________________________________
KEITH BLACKBURN, Mayor
______________________________________
SHERRY FREISINGER, City Clerk
(SEAL)
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