City Council

12. Lease Agreement with Basin Marine, Inc. for Use of a Portion of the Real\nProperty and Tidelands at the Balboa Yacht Basin Located at 829 Harbor\nIsland Drive\na) Find this project is exempt from the California Environmental Quality Act (CEQA)\npursuant to Section 15301 (Existing facilities) and Section 15302 (Replacement or\nReconstruction) of the CEQA Guidelines, California Code of Regulations, Title 14,\nChapter 3, because this project has no potential to have a significant effect on the\nenvironment;\nb) Authorize the City Manager and City Clerk to execute the Lease Agreement\nBetween the City of Newport Beach and Basin Marine, Inc. for use of a portion of the\nCity property known as the Balboa Yacht Basin at 829 Harbor Island Drive, in a form\nsubstantially similar to the agreement attached to the staff report; and\nc) Approve a waiver of City Council Policy F-7 - Income and Other Property based\non the findings contained in the staff report and the Agreement, that conducting an\nopen bid process or changing the tenant would result in excessive vacancy, and that\ncharging less than fair market rent promotes the City’s goals to provide essential or\nunique services to the community, that cannot otherwise be provided if full market\nrates were charged, and based on the unique services provided by the tenant.\nStaff Report\nAttachment A - Lease Agreement\nAttachment B - Existing Lease Agreement\nAttachment C - Lease Renewal Request Letter\nAttachment D - City Council Policy F-7\nAttachment E - Appraisal Report