Amendment of Lease, Termination and Issuance of an Agreement and Consent to Encumbrancing of Lease, and Continuation of Rent - PRC 7067.1

Summary

SCH Number
2014128293
Lead Agency
California State Lands Commission
Document Title
Amendment of Lease, Termination and Issuance of an Agreement and Consent to Encumbrancing of Lease, and Continuation of Rent - PRC 7067.1
Document Type
NOE - Notice of Exemption
Received

Document Description
Authorize the Amendment of Lease effective at the close of escrow, but no later than May 31, 2014, to authorize the extension of the lease term from April 22, 2029 to April 22, 2034. Authorize termination of "Agreement and Consent to Encumbrancing of Lease" in favor of Bank of Rio Vista, the Secured-Party Lender, efective one day prior to the close of escrow. Authorize execution of the document entitled Agreement and Lease PRC 7067.1, effective at the close of escrow, but no later than May 31, 2015. Approve the continuation of the minimum annual rent for Lease No. PRC 7067.1 at $4,817 per year, against six percent of gross income from berthing and mooring of boats, effective April 23, 2014.

Contact Information
Vicki Caldwell
California State Lands Commission
100 Howe Avenue, Suite 100-South
Sacramento, CA 95825-8202

(916) 574-1900

Location

Counties
Sacramento

Notice of Exemption

Exempt Status
Categorical Exemption
Type, Section or Code
Class 1
Reasons for Exemption
Existing facilities.
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