Title
Extension of Submerged and Submersible Land Lease with Oregon Department of State Lands
Body
RECOMMENDED ACTION (Motion):
Authorize the City Manager to execute a 15-year submerged and submersible land lease extension with the Oregon Department of State Lands for operation of commercial marina and moorage at Sportcraft Landing.
BACKGROUND:
The City of Oregon City entered into a 15-year submerged and submersible land lease in 2004 with the Oregon Department of State Lands to operate a commercial marina and moorage at Sportcraft Landing. The current agreement expires this year and we are asking Commission to enter into a renewal agreement as attached. The new agreement will expire on April 30, 2034.
The City has a sub-lease agreement with Sportcraft Landing Inc. for managing the marina and moorage. Sportcraft Landing Inc. has been a staple of the Oregon City business community for decades and has held a license agreement with the City since 1970. The sub-lease specifies that the fees paid by Oregon City to the Oregon Department of State Lands will be reimbursed by the sub-lessee. As such, the annual rental fee of $2,878.13 will be paid by Sportcraft Landing Inc.
There is no budgetary impact associated with approving this contract.