MEMORANDUMSettlement Agreement and Lease • March 5th, 2020
SUBJECT: Request approval of a Settlement Agreement and Lease No. L-16661 with the Dolphin Swimming and Boating Club (“Club”) under which (i) the Club will pay Port $5,913 in settlement for its past use of Port submerged lands beneath its boat dock at its facility located at 520 Jefferson Street in Aquatic Park which is under lease with the Department of Recreation and Parks and Port will waive any other payments and/or claims related to the Club’s failure to obtain a lease to use Port property; (ii) Port and the Club will enter into a market rate lease (L-16661) for the submerged lands beneath the dock for a term co-terminus with the Club’s lease with the Department of Recreation and Parks; (iii) the lease will require the Club to continue to provide and promote aquatic activities and allow for rent credits for up to $30,000 for dock improvements; (iv) the Club will indemnify Port for claims related to its past use and waive all claims against Port; and (v) the Settlement Agreement an
