Title
Approval of a Resolution Authorizing a Sublease Agreement with Wedell A. Berg, Jr. for a Portion of Percival Landing
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the resolution authorizing the City Manager to execute a sublease agreement with Wedell A. Berg Jr., the owner of One Tree Marina, for a portion of Percival Landing.
Report
Issue:
Whether to enter into a sublease agreement with Wedell A. Berg Jr., the owner of One Tree Marina, for a portion of the Percival Landing boardwalk area.
Staff Contact:
Laura Keehan, Parks, Arts and Recreation Department, Planning & Design Manager, 360.570.5855
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Percival Landing North was originally constructed in 1984, and the boardwalk crosses a number of aquatic lands leases. Wedell A. Berg Jr. is the owner of One Tree Marina and is renewing his aquatic lands lease for another 30 years with the Washington State Department of Natural Resources (DNR). Mr. Berg wishes to sublease a portion of his aquatic lands lease to the City of Olympia for the continued purpose of the Percival Landing boardwalk for a similar 30-year term. Relatedly, Mr. Berg also subleases an adjacent area to Boardwalk Associates, the owner of the Budd Bay Café building.
The sublease allows the City to continue to “construct, place, and maintain upon the Subleased Property a pedestrian boardwalk and other related public park amenities.” There is no fee associated with the sublease because DNR does not charge Mr. Berg for the Percival Landing area.
The sublease acknowledges that sea level rise may necessitate alterations to Percival Landing in the future and that future modifications of the sublease may be required.
Neighborhood/Community Interests (if known):
None identified.
Options:
1. Approve the Resolution Authorizing the Sublease Agreement with Wedell A. Berg Jr. and direct the City Manager to sign the Sublease Agreement once Mr. Berg has executed his aquatic lease with DNR.
2. Direct staff to modify the Sublease.
3. Do not approve the Sublease.
Financial Impact:
There is no fee associated with this Sublease Agreement, as DNR does not charge a fee to Mr. Berg for the area that is subleased to the City.
Attachments:
Resolution and Sublease