Port of LA

13. RESOLUTION NO. ____________ - APPROVE TRANSFER OF PERMIT NO. 882 TO\nMILLENNIUM MARITIME, INC., NOW KNOWN AS WESTOIL TUG SERVICES, INC.,\nUNDER A NEW CORPORATE STRUCTURE; APPROVE TRANSFER OF A FIVE-YEAR\nOPTION TO EXTEND TERM OF PERMIT NO. 882 AND DEEM THE EXERCISE OF THE\nOPTION EFFECTIVE; AND APPROVE ORDER RESETTING COMPENSATION\nUNDER PERMIT NO. 882\nSummary: Staff requests approval of three separate actions concerning Permit No. 882 (Permit)\nbetween Millennium Maritime, Inc., now known as Westoil Tug Services, Inc.\n(Millennium/Westoil) and the City of Los Angeles: 1) Transfer of the Permit to Millennium/Westoil\nunder a new corporate structure resulting from the sale of stock and/or assets, merger and/or\nconsolidation and/or reorganization by or of Millennium/Westoil; 2) transfer of the option to\nextend the term of the Permit from November 1, 2021 to October 31, 2026, and deeming\nMillennium/Westoil’s exercise of that option effective; and 3) resetting compensation under the\nPermit for the period of November 1, 2021 to October 31, 2026. There is a companion item also\nagendized for the March 30, 2023, Board of Harbor Commissioners meeting that requests\napproval of the Second Amendment to Permit No. 882 with Millennium Maritime, Inc. which\nchanges the name of the permittee from Millennium Maritime, Inc. to Westoil Tug Services, Inc.\nand changes the name of its parent company, Harley Marine Services, Inc. to Centerline\nLogistics Corporation in the guaranty of the Permit. If the proposed actions are approved,\nmonthly rent would remain $58,227.91, or $698,734.92 per year until the next Consumer Price\nIndex (CPI) adjustment due July 1, 2023.\n13. (Continued)\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed actions are administratively and categorically exempt from the\nrequirements of the California Environmental Quality Act (CEQA) under Article II Section 2(f)\nand Article III Class 1(18) of the Los Angeles City CEQA Guidelines; (2) approve the Order\nauthorizing the transfer of Permit No. 882 to Millennium Maritime, Inc., now known as Westoil\nTug Services, Inc., under a new corporate structure; (3) approve the Order authorizing the\ntransfer of the option to extend the term of Permit No. 882 from November 1, 2021 to October\n31, 2026, to Millennium Maritime, Inc., now known as Westoil Tug Services, Ind., under a new\ncorporate structure and deem the exercise of that option effective; (4) approve the Order\nresetting compensation under Permit No. 882 for the period of November 1, 2021 to October 31,\n2026; (5) authorize the Board Secretary to attest to the Order approving the transfer of Permit\nNo. 882 to Millennium Maritime, Inc., now known as Westoil Tug Services, Inc. under a new\ncorporate structure; (6) authorize the Board Secretary to attest to the Order approving the\ntransfer of the option to extend the term of Permit No. 882 from November 1, 2021, to October\n31, 2026, to Millennium Maritime, Inc., now known as Westoil Tug Services, Ind., under a new\ncorporate structure and deem the exercise of that option effective; (7) Authorize the Board\nSecretary to attest to the Order resetting compensation under Permit No. 882 for the period of\nNovember 1, 2021 to October 31, 2026; and (8) Adopt Resolution No. _____________ and\nOrder Nos. _______________.\nCargo & Industrial Real Estate