Port of LA

3. RESOLUTION NO. ____________ - APPROVAL OF EXCLUSIVE NEGOTIATING\nAGREEMENT BETWEEN THE CITY OF LOS ANGELES HARBOR DEPARTMENT AND\nBELLWETHER FINANCIAL GROUP\nSummary: Staff requests approval to enter into an Exclusive Negotiating Agreement (ENA) with\nBellwether Financial Group (Bellwether) to exclusively negotiate a long-term lease with the City\nof Los Angeles Harbor Department (Harbor Department) for the development of a boatyard\n(Project) at Berth 44 (Development Site) with a six-month initial term and three separate six-\nmonth renewal options, at the Executive Director’s discretion, for a total duration not to exceed\ntwo years from the effective date. Approval of the proposed ENA will not have a financial impact\non the Harbor Department as any long-term lease negotiated under the ENA would require\napproval by the Board of Harbor Commissioners (Board) under a separate action.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed action is administratively exempt from the requirements of the\nCalifornia Environmental Quality Act (CEQA) under Article II Section 2(f) of the Los Angeles City\nCEQA Guidelines; (2) approve the Successor ENA with Bellwether; (3) authorize the Executive\nDirector to execute and the Board Secretary to attest to the Agreement for and on behalf of the\nBoard; and (4) adopt Resolution No.____________.\nCargo Marketing