city of tacoma
File #: RES39103    Version: 1 Name: Amendment to Lease with Foss Waterway Management LLC and Approval of Development Contriubtion Agreement
Type: Resolution Status: Adopted
File created: 12/17/2014 In control: City Council
On agenda: 1/27/2015 Final action: 1/27/2015
Title: A resolution approving Amendment No. 4 to the Marina Lease Agreement between the Foss Waterway Development Authority and Foss Waterway Management LLC, to extend the term of the lease by adding ten five-year extensions, subject to the Department of Natural Resources aquatic lease; and authorizing the execution of a Development Contribution Agreement, in the amount of $1,500,000 for debt repayment. [Martha Anderson, Assistant Director; Ricardo Noguera, Director, Community and Economic Development]
Attachments: 1. Resolution No. 39103, 2. City Council Action Memorandum, 3. Marina Lease Agreement, 4. Development Contribution Agreement, 5. Presentation
Title
A resolution approving Amendment No. 4 to the Marina Lease Agreement between the Foss Waterway Development Authority and Foss Waterway Management LLC, to extend the term of the lease by adding ten five-year extensions, subject to the Department of Natural Resources aquatic lease; and authorizing the execution of a Development Contribution Agreement, in the amount of $1,500,000 for debt repayment.
[Martha Anderson, Assistant Director; Ricardo Noguera, Director, Community and Economic Development]