Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Nicholas J. Calderon, Parks Director
Subject: Fourth Amendment to Lease No. 5025 with the Coyote Point Yacht Club to extend the term of the lease agreement and to transfer ownership of the tenant's improvements on the leasehold to the County upon the lease agreement's termination unless the County declines to accept such transfer
RECOMMENDATION:
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Adopt a resolution authorizing:
A) The President of the Board of Supervisors to execute a Fourth Amendment to Lease No. 5025 with the Coyote Point Yacht Club: (1) to extend the term of the lease agreement through August 1, 2027, with three (3) one-year options to further extend the lease agreement's term which are exercisable upon mutual written agreement by the parties, and (2) to transfer ownership of the tenant's improvements on the premises to the County upon the lease agreement's termination/expiration, unless the County declines to accept such transfer; and
B) The County Executive Officer, or the County Executive Officer's Designee, to take any and all actions necessary to implement the intent of this Resolution, including by executing any and all documents, as reviewed and approved by the County Attorney, to effectuate the transfer of ownership of the tenant's improvements on the premises to the County.
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BACKGROUND:
The Coyote Point Recreation Area ("Coyote Point") is a 149-acre County owned and operated park that is located in the City of San Mateo. Although Coyote Point is best known for its playgrounds, beach, trails, and picnic areas, its marina ("Coyote Point Marina") is a popular resource for the local boating and sailing community. Complimenting the services provided at the Coyote Point Marina is the Coyote Point Yacht Club ("Yacht Club"), a private club that features a clubhouse with a kitchen and bar, lounge, expansive backyard with barbeque facilities, locker rooms,...
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