8G Consent 2007 1217 - Laserfiche WebLink

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CITY OF SAN LEANDRO STAFF REPORT DATE: December 6, 2007 TO: John Jermanis, City Manager FROM: Luke Sims, Comm~~uni~~ty Development Director BV: Cynthia Battenberg;~Assistant to the City Manager Ryan Evans, Development Planner APPROVED AND FORWARDED TO CITY COUNCIL Jo ` Jermanis Cit ~ anager SUBJECT: RESOLUTION APPROVING AMENDMENT TO LEASE WITH SAN LEANDRO SAILING CLUB, INC., DBA SPINNAKER YACHT CLUB OF SAN LEANDRO, FOR PROPERTY AT 75 PESCADOR POINT DRIVE IN THE SAN LEANDRO SHORELINE AREA SU1V[1VIARY AND RECOMMENDATION The current lease between the City of San Leandro and the San Leandro Sailing Club, Inc., dba Spinnaker Yacht Club of San Leandro (Spinnaker), originally dated August 9, 1971 and amended on numerous occasions, is set to expire on December 31, 2010. A five-year extension of the Iease through 2015 has been requested by Spinnaker. City Council adoption of the Resolution Approving Amendment to Lease with San Leandro Sailing Club, Inc., dba Spinnaker Yacht Club of San Leandro is recommended. BACKGROUND Spinnaker currently leases an area of approximately 18,700 square feet which includes a 2,020 square foot building, decks, storage cabinets, and a 160-foot dock. Spinnaker currently has approximately 80 members. In addition to social functions, Spinnaker promotes a number of activities which benefit the Marina, including "cruise-ins" by other yacht clubs, the annual lighted boat parade, and the junior sailing program during the summer. Spinnaker is interested in making approximately $15,000 in improvements to the property and has requested afive-year extension of their lease. The City and Spinnaker have agreed upon the following proposed amendments to the lease: • A five-year extension of the lease through December 31, 2015. • An increase in the flat monthly rent from $250 to $350 and the elimination of the additional rental fee based upon 10% of gross annual membership income, effective January 1, 2011. An annual rental adjustment for inflation, based on the change in Consumer Price Index for All Urban Consumers -San Francisco, Oakland, and San Jose. • A prescribed right for the City to terminate the lease agreement between January 1, 2011 and December 31, 2015, including a provision that if the City terminates the lease agreement, Spinnaker would be reimbursed for a prorated share of their actual construction costs.