Port of LA

4. RESOLUTION NO. _____________ - APPROVE PERMIT NO. 960 WITH CABRILLO\nBEACH YACHT CLUB\nSummary: Staff requests approval of the proposed successor Permit No. 960 (P960) with\nCabrillo Beach Yacht Club (CBYC) over a 30-year term for use of City of Los Angeles Harbor\nDepartment (Harbor Department) property located at 211 W. 22nd Street, San Pedro. CBYC\ncurrently occupies 403,909 square feet of land and water space at 211 W. 22nd Street, San\nPedro, for operation of a yacht club, recreational marina, and a youth sailing program. CBYC is\nproposing to utilize the premises for operation, maintenance, and construction of structures and\nfacilities for berthing and dry storage of pleasure craft, anchorage office and restrooms, vessel\nsewage pump out, yacht club center, sale of marine hardware, supplies and equipment, sundry\nitems, refreshment and soft drinks, vessel brokerage, and for incidental purposes. Under the\nproposed P960, minimum annual rent will be $278,903.28, or $23,241.94 per month, and\nincreased annually by the greater of zero percent or the annual change in the Consumer Price\nIndex (CPI). This rent level represents an increase of $15,977.04 per year, or 6.1 percent,\nrelative to the minimum annual rent of $262,926.24 currently received under Concession\nAgreement 517 (CA 517). CBYC will continue to be subject to percentage rent ranging from 5\n– 25 percent of gross income, and rent will continue to be subject to five-year compensation\nresets. Under the proposed P960, CBYC will also take possession of 18,672 square feet of\nHarbor Department property adjacent to CBYC’s existing premises under CA 517. The\nincorporation of this parcel into CBYC’s premises will relieve the Harbor Department of ongoing\nmaintenance expenses associated with maintaining the hillside, gazebo and stairway included\ntherein.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed action is categorically exempt from the requirements of the\nCalifornia Environmental Quality Act (CEQA) under Article III, Class 1(14) of the Los Angeles\nCity CEQA Guidelines; (2) approve Permit No. 960 with Cabrillo Beach Yacht Club; (3) direct\nthe Board Secretary to transmit Permit No. 960 to the City Council for approval pursuant to\nSection 606 of the City Charter; (4) authorize the Executive Director to execute and the Board\nSecretary to attest to Permit No. 960 upon approval by the City Council; and (5) adopt Resolution\nNo.___________.\nCargo & Industrial Real Estate