HomeMy WebLinkAboutReso 31-25 Morro Bay Oyster Co - signedRESOLUTION NO. 31-25
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORRO BAY, CALIFORNIA
APPROVING AMENDMENT #1 TO THE LEASE AGREEMENT FOR
MORRO BAY OYSTER COMPANY
LOCATED AT 1287 EMBARCADERO,
BETWEEN THE CITY OF MORRO BAY AND MORRO BAY OYSTER COMPANY
T H E C I T Y C O U N C I L
City of Morro Bay, California
WHEREAS, the City of Morro Bay is the lessor of certain properties on the Morro Bay
Waterfront described as City Tidelands leases and properties; and
WHEREAS, Morro Bay Oyster Company is the current master leaseholder of Lease Site
144/144W, 1287 Embarcadero; and
WHEREAS, this Amendment #1 is to that certain Lease, which was signed on behalf of the
Parties and is effective as of July 12, 2016, (the "Master Lease");
WHEREAS, the Parties agree to amend the term of the Master Lease as follows:
1. Tenant to pay $25,000 to the City for construction of Harborwalk, with an initial payment
of $5,000 and continued payments at $1,000 per month until paid in full.
2. Extension of all redevelopment deadlines as described
3. Tenant to obtain performance bond for the completion of improvements
4. Rent increased from 8% to 9% of assessed value
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay,
California, as follows:
1. The attached Amendment #1 to the Master Lease Agreement for Morro Bay Oyster
Company is hereby approved.
2. The Mayor is hereby authorized to execute said Master Lease Agreement Amendment.
PASSED AND ADOPTED by the City Council of the City of Morro Bay at a regular
meeting thereof held on the 10th day of June 2025 on the following vote:
AYES: Wixom, Eckles, Edwards, Landrum Luffee
NOES: None
ABSENT: None
ABSTAIN: None
RECUSE: None
______________________________
Carla Wixom, Mayor
ATTEST:
_____________________________
Dana Swanson, City Clerk
Carla Wixom (Jun 11, 2025 15:43 PDT)
Carla Wixom
Reso 31-25 Morro Bay Oyster Co
Final Audit Report 2025-06-11
Created:2025-06-11
By:Heather Goodwin (hgoodwin@morrobayca.gov)
Status:Signed
Transaction ID:CBJCHBCAABAAwQkuGsemfJrP5-lkVYHNsF_5gYad_9De
"Reso 31-25 Morro Bay Oyster Co" History
Document created by Heather Goodwin (hgoodwin@morrobayca.gov)
2025-06-11 - 6:40:24 PM GMT
Document emailed to cwixom@morrobayca.gov for signature
2025-06-11 - 6:40:54 PM GMT
Email viewed by cwixom@morrobayca.gov
2025-06-11 - 10:43:15 PM GMT
Signer cwixom@morrobayca.gov entered name at signing as Carla Wixom
2025-06-11 - 10:43:46 PM GMT
Document e-signed by Carla Wixom (cwixom@morrobayca.gov)
Signature Date: 2025-06-11 - 10:43:48 PM GMT - Time Source: server
Document emailed to Dana Swanson (dswanson@morrobayca.gov) for signature
2025-06-11 - 10:43:49 PM GMT
Email viewed by Dana Swanson (dswanson@morrobayca.gov)
2025-06-11 - 10:54:36 PM GMT
Document e-signed by Dana Swanson (dswanson@morrobayca.gov)
Signature Date: 2025-06-11 - 10:54:46 PM GMT - Time Source: server
Agreement completed.
2025-06-11 - 10:54:46 PM GMT