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HomeMy WebLinkAbout03 - Balboa Island FerryCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 3 June 26, 2007 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: City Manager's Office Dave Kiff, Assistant City Manager DKiff(a)city.newport- beach.ca.us or 949 - 644 -3002 SUBJECT: Ordinance No. 2007-: Franchise with Balboa Island Ferry; Lease Agreementwith Balboa Island Ferry ISSUE: Should the City adopt an Ordinance entering into a franchise with the Balboa Island Ferry (BIF) and enter into a new Lease Agreement with BIF to allow BIF to undertake repairs by extending BIF's lease term ten years and adjusting the rent? RECOMMENDATIONS: 1. Hold the 2ntl reading of Ordinance No. 2007- ` granting a Franchise to the Balboa Island Ferry; and 2. Authorize the Mayor to execute a Lease Agreement with the Balboa Island Ferry. The effective date of the Lease shall be the effective date of Ordinance No 2007- DISCUSSION: Background: The State of California became the owner of the tidelands in the City of Newport Beach upon the State's admission to the union in 1850. The City manages those tidelands pursuant to various legislative grants from the State. The Balboa Island Ferry (BIF), since 1938 operated by the Beek family, has leased a small portion of these tidelands from the City, for the construction and maintenance of slips, docks, ways and other appurtenances, all used in conjunction with the operation of a ferry which transports persons and vehicles between terminals located near Agate Avenue on Balboa Island and Palm Avenue on the Balboa Peninsula. Current Lease. The current lease agreement (entered into October 25, 1988) expires on September 30, 2013. BIF is also a franchisee pursuant to Ordinance No. 88 -33, in part because the City Charter (Article XIII, §1300) requires that any provision of transportation services requires a franchise. Further, §30900 of the California Streets and Highways Code grants cities the right to issue franchises to toll ferries. Within the Lease Agreement and the Franchise, BIF pays the City 6% of gross receipts (3% in the Lease and 3% in the Franchise). There is no fixed minimum rent in the current Lease Agreement (nor in the Franchise). Balboa Island Ferry June 26, 2007 Page 2 Here are the last few years' payments from BIF to the City, according to the Preliminary FY 2007 -08 Budget Detail (page 12): In 2005, BIF determined that the ramps used by its ferries needed to be replaced or rebuilt. In order to properly amortize its construction costs for this repair, BIF requested a longer lease term with the City. Per Council Policy F -7 (Income Properties) the City hired an appraiser to look at the BIF operations — we hired Jim Netzer of Netzer & Associates. Netzer determined that the fair market rent for the Balboa Island Ferry was six percent (6 %) of gross receipts (date of value is September 30, 2006). Earlier this year, fares at the Ferry went up — to $1 per passenger from $0.60 per passenger. Cars with one occupant will pay $2, where they used to pay $1.50. The Ferry operator says that these increases reflect hikes in fuel prices, as well as insurance and maintenance costs. Proposed Lease and Franchise. After some negotiation, City staff and BIF agreed to the terms and conditions of the attached Lease Agreement and franchise. The Lease Agreement would allow BIF use of City property across Lower Newport Bay between the northerly end of Palm Street on the Balboa Peninsula and the southerly end of Agate Avenue on Balboa Island, in exchange for BIF's payment of the greater of 5% of its gross receipts or $70,000 1year (as adjusted annually by the Consumer Price Index). We believe it to be a fair trade -off with BIF to lower percentage rent from the appraiser's value by 1% to gain a $70,000 base rent with a CPI adjustment, given the recent revenue history of BIF. Further, the Ferry operators point out that: • The proposed Lease premises are significantly smaller than the existing Lease's premises. • New water quality regulations relating to the cleaning of the Ferries' hulls are an additional expense. The proposed ordinance for the franchise removes references to rent (consolidating all rent information to the Lease) but continues to authorize operation of the BIF pursuant to the City Charter and State law, and confers to BIF the right to operate on the same property as the Lease, contingent upon BIF's compliance with the Lease provisions. The new Lease also extends the term to 2032 and requires BIF to repair its ramps within a reasonable period of time. Given the BIF's history and relationship with the City, we recommend that the City Council approve the ordinance authorizing the franchise and authorize the Mayor to execute the attached Lease agreement. Finance Committee referral. At the June 12, 2007 City Council meeting, Mayor Steve Rosansky asked that the City Council's Finance Committee discuss the Lease Agreement and make a a 2003 -04 Actual $ 84,666 2004 -05 Actual $ 66,945 2005 -06 Actual $ 67,620 2006 -07 Estimated $ 73,000 2007 -08 Proposed $ 71,534 In 2005, BIF determined that the ramps used by its ferries needed to be replaced or rebuilt. In order to properly amortize its construction costs for this repair, BIF requested a longer lease term with the City. Per Council Policy F -7 (Income Properties) the City hired an appraiser to look at the BIF operations — we hired Jim Netzer of Netzer & Associates. Netzer determined that the fair market rent for the Balboa Island Ferry was six percent (6 %) of gross receipts (date of value is September 30, 2006). Earlier this year, fares at the Ferry went up — to $1 per passenger from $0.60 per passenger. Cars with one occupant will pay $2, where they used to pay $1.50. The Ferry operator says that these increases reflect hikes in fuel prices, as well as insurance and maintenance costs. Proposed Lease and Franchise. After some negotiation, City staff and BIF agreed to the terms and conditions of the attached Lease Agreement and franchise. The Lease Agreement would allow BIF use of City property across Lower Newport Bay between the northerly end of Palm Street on the Balboa Peninsula and the southerly end of Agate Avenue on Balboa Island, in exchange for BIF's payment of the greater of 5% of its gross receipts or $70,000 1year (as adjusted annually by the Consumer Price Index). We believe it to be a fair trade -off with BIF to lower percentage rent from the appraiser's value by 1% to gain a $70,000 base rent with a CPI adjustment, given the recent revenue history of BIF. Further, the Ferry operators point out that: • The proposed Lease premises are significantly smaller than the existing Lease's premises. • New water quality regulations relating to the cleaning of the Ferries' hulls are an additional expense. The proposed ordinance for the franchise removes references to rent (consolidating all rent information to the Lease) but continues to authorize operation of the BIF pursuant to the City Charter and State law, and confers to BIF the right to operate on the same property as the Lease, contingent upon BIF's compliance with the Lease provisions. The new Lease also extends the term to 2032 and requires BIF to repair its ramps within a reasonable period of time. Given the BIF's history and relationship with the City, we recommend that the City Council approve the ordinance authorizing the franchise and authorize the Mayor to execute the attached Lease agreement. Finance Committee referral. At the June 12, 2007 City Council meeting, Mayor Steve Rosansky asked that the City Council's Finance Committee discuss the Lease Agreement and make a a Balboa Island Ferry June 26, 2007 Page 3 recommendation to the City Council. On Friday, June 15, 2007, the Finance Committee did so and recommended (on a 3 -0 vote) that the Council approve the Lease Agreement per the terms described in this staff report. Submitted by: Da Kiff, Assistant City anager Attachments: Ordinance No. 2007 - Re: a Transportation Franchise for the Balboa Island Ferry Lease Agreement City - Balboa Island Ferry ORDINANCE NO. 2007 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH GRANTING A FRANCHISE TO THE BALBOA ISLAND FERRY, INC. NOW THEREFORE, the City Council of the City of Newport Beach, California, HEREBY ORDAINS as follows: SECTION 1: The City Council finds: A. The Balboa Island Ferry, Inc., a California corporation, ( "Grantee ") has requested an extension of its current franchise agreement to continue operating a toll ferry across Lower Newport Bay between Palm Street on the Balboa Peninsula and Agate Avenue on Balboa Island; B. The Balboa Island Ferry has operated continuously at this location for over seventy (70) years, and operated under the last eighteen (18) years or so under a franchise last granted by the City Council in September, 1988 ( "1988 Franchise "); C. The City Council has authority, pursuant to the provisions of Article XIII of the City Charter of the City of Newport Beach and Section 30900 of the Streets & Highway Code, to grant a franchise to any person authorizing operation of a toll ferry; D. The ferry would operate wholly within the boundaries of the City of Newport Beach ( "City "). The route of the ferry does not constitute a part of an extension of a state highway, and no part of the ferry route is within ten (10) miles of a toll bridge in operation, or under construction, over any body of water across which the ferry is to operate. It is not feasible to build a bridge, tunnel, combination thereof, or other normal highway structure in lieu of the use of the ferry; E. The operation of the ferry is on a route classified as a public road within the State and has not been designated as a route on the Interstate System; F. The proposed franchise is consistent with the various elements of the General Plan of the City, the Land Use Plan of the Local Coastal Program, and other ordinances, policies, and regulations adopted by the City; G. The franchise authorizes a level of public service essentially identical to that offered by Grantee during the preceding franchise term and, as such, 4 does not constitute "development" as that term is defined in the Coastal Act; H. The City now intends to terminate the 1988 Franchise and grant this franchise, which shall extend the term of the franchise; and The City Council has fully complied with the provisions of the Charter of the City of Newport Beach regarding the grant of franchises. IT IS HEREBY ORDAINED that pursuant to the provisions of Article XIII of the Charter of the City of Newport Beach and Section 30900 of the Streets & Highways Code of the State of California, the City Council hereby terminates the 1988 Franchise and declares its intention to grant another franchise for the operation of a toll ferry to the Grantee under the following terms and conditions: SECTION 2: Grant of Franchise. The City Council grants a franchise to the Grantee to operate a toll ferry for the transportation of passengers, vehicles and freight across Lower Newport Bay between the northerly end of Palm Street on the Balboa Peninsula and the southerly end of Agate Avenue on Balboa Island. The term of this franchise shall run concurrent with, and the operation of the ferry shall comply with all the terms of the attached Lease Agreement, which shall be dated as of the effective date of this Ordinance granting the franchise, and the rights under this franchise shall terminate when that Lease Agreement terminates. The rights granted by this franchise to operate upon City property shall be contingent upon Grantee's compliance with the Lease Agreement provisions. SECTION 3: The Mayor shall sign and the City Clerk shall attest to the passage of this ordinance. The City Clerk shall cause the same to be published once in the official newspaper of the City, and it shall be effective thirty (30) days after its adoption. SECTION 4: This ordinance was introduced at a regular meeting of the City Council of the City of Newport Beach, held on the _ day of 2007, and adopted on the _ day of 2007, by the following vote, to wit: AYES, COUNCILMEMBERS NAYS, COUNCILMEMBERS S ABSENT COUNCILMEMBERS P _ O- ATTEST: CITY CLERK Draft, 6 -7 -07 LEASE AGREEMENT This Lease Agreement ( "Agreement ") is entered into this day of 2007, by and between the City of Newport Beach ( "Lessor "), a municipal corporation, and the Balboa Island Ferry, Inc., a California corporation, whose address is 410 South Bay Front, Newport Beach, California 92662 ( "Lessee "). Lessee and Lessor are each a "Party" and together the "Parties" to this Agreement. RECITALS A. Lessor is a municipal corporation duly organized and validly existing under the laws of the State of California with the power to carry on its business as it is now being conducted under the statutes of the State of California and the Charter of City; B. The State of California became the owner of tidelands on admission to the union in 1850. Lessor manages those tidelands pursuant to various legislative grants from the State. The State Lands Commission, which administers tidelands, generally requires a trustee to negotiate leases on the basis of the current market value of the parcel. Failure of a trustee to receive consideration approximating the fair market value of leased tidelands could, under certain circumstances, be considered a violation of Section 6 of Article XVI of the State Constitution (the prohibition of gifts of public funds to private entities); C. Lessor has, since 1938, leased a small portion of these tidelands to Lessee for the construction and maintenance of slips, docks, ways and other appurtenances, all to be used in conjunction with the operation of 2 to 5 ferryboats which transport persons, vehicles and freight between terminals located near Agate Avenue on Balboa Island and Palm Street on Balboa Peninsula (the "Ferry"); D. The unique nature of Lessee's business operations, as well as Lessee's long history with the operations of the Ferry, are declared by the Lessor to be so unique as to allow Lessor to enter into a new lease agreement with Lessee on a sole- source basis; E. Lessee and Lessor are currently parties to a lease agreement dated October 25, 1988, which expires on September 30, 2013 ( "1988 Lease "), and Lessee is also a franchisee pursuant to Ordinance No. 88 -33 ( "1988 Franchise "); F. Lessee and Lessor now intend to terminate the 1988 Lease and the 1988 Franchise, and enter into this Agreement and a new franchise, which shall extend the term of the lease agreement to October 31, 2032, require Lessee to rebuild and repair the ramps, docks and appurtenant improvements of the Premises, and update certain provisions; G. The new franchise, approved by the City Council pursuant to Ordinance No. 2007- and entered into concurrently herewith, shall grant Lessee the right to operate the Ferry across Lower Newport Bay and to charge a toll to patrons for use of the Ferry (hereinafter the "Franchise "); H. In consideration for the extension of the lease term and the renewal of the Franchise, Lessee has agreed to rebuild and repair the steel structures on the ramps and appurtenant dock and other improvements in the amount of $200,000,( Capital Improvements); The operation of the Ferry is consistent with the trust imposed upon these tidelands which require they be used for commerce, fishing, and navigation; J. It is not feasible to build a bridge, tunnel, combination thereof, or other normal highway structure in lieu of the use of the Ferry; K. The operation of the Ferry is on a route classified as a public road within the State and has not been designated as a route on the Interstate System; L. The Ferry terminal facility is publicly owned, and the Ferry and Ferry terminal facility provides substantial public benefits; M. The Ferry does not operate in international waters; N. The City Council has the authority to enter into a lease of tidelands or beachfront property when, as is the case here, the property was under lease as of the effective date of the Charter; and O. This Agreement is consistent with provisions of the Land Use Plan of the Local Coastal Program, the Circulation Element of the General Plan, and other documents utilized by Lessor to evaluate the traffic impacts of impacting land uses and proposed projects. In consideration of the mutual promises and obligations contained in this Agreement, the receipt and sufficiency of which are hereby acknowledged, Lessee and Lessor hereby terminate the 1988 Lease and enter into this Agreement on the following terms and conditions: NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. Leased Premises Lessor hereby leases to Lessee the property, and related improvements, E depicted in Exhibit "A" (the "Premises "). The rights granted herein are subject to the terms, covenants and conditions hereinafter set forth, and Lessee covenants, as a material part of the consideration for this Agreement, to keep and perform each and every term, covenant and condition of this Agreement. 2. Term The term of the Agreement granted hereunder ( "Term ") shall commence on July 1, 2007 ( "Commencement Date "), and continue for a period of twenty -five (25) years, to expire on July 31, 2032, unless terminated earlier as set forth herein. 3. Rent Payments A. Base Rent. Base Rent shall be established at Seventy Thousand and no1100 Dollars ($70,000.00) per year, and shall be adjusted annually, as provided below. Base Rent Adjustment. Upon the anniversary of the Commencement Date, Base Rent shall be adjusted in proportion to changes in the Consumer Price Index. Such adjustment shall be made by multiplying the original Base Rent by a fraction, the numerator of which is the value of the Consumer Price Index for the calendar month three (3) months preceding the calendar month for which such adjustment is to be made and the denominator of which is the value of the Consumer Price Index for the same calendar month immediately prior to the Commencement Date. For example, if the adjustment is to occur effective March 1, 2008, the index to be used for the numerator is the index for the month of December, 2007 and the index to be used for the denominator is the index for the month of December preceding the Commencement Date. The "Consumer Price Index" to be used in such calculation is the Consumer Price Index, All Urban Consumers (All Items), for Los Angeles - Riverside — Orange County, CA, published by the United States Department of Labor, Bureau of Labor Statistics (1982 -84 = 100). If both an official index and one or more unofficial indices are published, the official index shall be used. If said Consumer Price Index is no longer published at the adjustment date, it shall be constructed by conversion tables included in such new index. In no event shall the amount payable under this Agreement be reduced below the Base Rent in effect immediately preceding such adjustment. B. Percentage Rent. For the authorized use and occupancy of the Premises, Lessee shall pay Lessor five percent (5 %) of the annual "Gross Receipts ", as defined below, as Percentage Rent. C. Percentage Rent Accounting and Payment. Within forty -five (45) days after the end of each calendar quarter for the Term, Lessee shall furnish to Lessor a statement in writing, certified by Lessee and a Certified Public 3 'I Accountant to be correct, showing the total Gross Receipts made in, upon, or from and /or otherwise attributable to the Premises for Ferry operations during the preceding calendar quarter, and shall accompany each such statement with the Percentage Rent payment for that calendar quarter. D. Definition of Gross Receipts. "Gross Receipts" shall mean: all money, cash receipts, assets, property or other things of value, including but not limited to gross charges, tolls, sales, fees and commissions made or earned by Lessee and /or all the assignees, sub - licensees, licensees, or permittees of Lessee, collected from Ferry operations,without, except as expressly provided below, deduction from gross receipts for any overhead or cost or expense of operations, such as, but without limitation to salaries, wages, interest, debt amortization, credit, collection costs, discount from credit card operations, insurance and taxes. Each installment or credit sale shall be treated as a sale for the full price in the month during which such sale is made, irrespective of whether or when Lessee receives payment therefor. Gross Receipts shall not include, or if included there shall be deducted (but only to the extent they have been included), the following: Sales and use taxes, so- called luxury taxes, consumers' excise taxes, gross receipts taxes, and other similar taxes now or in the future imposed on the sale of services, but only if such taxes are added to the selling price and collected from customers; ii. Cash refunds made to customers in the ordinary course of business; and iii. Amounts paid to charge card or credit card issuers. Gross Receipts shall be reported on the cash method. Notwithstanding the foregoing, Lessee agrees to allow only that use authorized in Section 7, and that any unauthorized use shall constitute a breach of this Agreement and shall, at the option of Lessor, terminate this Lease. In the event the Premises are used for uses other than that specifically authorized in Section 7, then in addition to all other remedies allowed by law or authorized elsewhere in this Agreement, Lessor shall be entitled to receive from Lessee and Lessee shall be required to pay to Lessor additional Percentage Rent calculated as One Hundred Percent (100 %) of the gross receipts accountable to such unauthorized use, whether for cash or credit, or otherwise, and including the value of all consideration other than money received for that use. This amount shall be retroactive to the commencement of such unauthorized use and shall continue until the unauthorized use is abated. This additional rent a la payment shall be subject to the due date for the next Percentage Rent payment and the provisions for delinquent payments. The parties agree and understand that the collection and acceptance by Lessor of this additional rent payment, shall not, in any way be deemed a waiver nor estoppel of Lessor's right to require abatement of the unauthorized use or at Lessor's option to pursue any other remedies available at law or equity. E. Annual Statements of Gross Receipts and Rent Reconciliation. Within forty-five (45) days after the end of each calendar year during the Term, as it may be extended, Lessee shall furnish a written statement to Lessor, certified by Lessee and a Certified Public Accountant to be correct, showing the total Gross Receipts made in, upon, or from and/or otherwise attributable to the Premises during the preceding calendar year (or fractional year at the beginning of the Term if the Commencement Date is other than the first day of the year), the Percentage Rent due and the Percentage Rent paid. If Lessee has paid Lessor more Percentage Rent than the Base Rent, Lessor shall retain any amount of the Percentage Rent in excess of the Base Rent. If Lessee has paid Lessor less Percentage Rent than the Base Rent, Lessee shall include, with its annual statement, a payment to the Lessor equal to the difference between the Base Rent and Percentage Rent. F. Late Charge. A ten percent (10 %) late charge shall be added to any payment required under this Agreement if not received by Lessor within thirty (30) days following the due date. In addition, all unpaid fees shall accrue interest at the rate of one and a half percent (1 % %) per month or any portion of a month until paid in full. G. Rent Payments Exclusive of Other Fees. Rent payments shall be in addition to any other fee or fees required to be paid by Lessee, excepting any future franchise fees. H. Payment Procedure. All rent payments and others sums payable pursuant to this Agreement shall be directed to: City of Newport Beach Cashiering Division 3300 Newport Blvd. PO Box 1768 Newport Beach, CA 92658 or at such other place as Lessor may hereafter designate in writing. 5 I 4. Production of Statement. Records and Audit Lessee shall keep within the County of Orange (and shall require any permitted subtenant to keep within the County of Orange) full, complete and proper books, records and accounts of its daily Gross Receipts, both for cash and on credit. Lessee agrees to make available for inspection by Lessor at the Premises, a complete and accurate set of books and records of all sales of goods, wares, and merchandise and revenue derived from the conduct of business or activity in, at or from the Premises from which Gross Receipts can be determined. Lessee shall also make available, upon Lessor's request, all supporting records. Lessee shall retain and preserve for at least three (3) years all records, books, bankbooks or duplicate deposit books and other evidence of Gross Receipts. Lessor shall have the right, upon reasonable notice, during the Term and within one hundred eighty (180) days after expiration or termination of this Agreement to inspect and audit Lessee's books and records and to make transcripts to verify the rent payments due to the Lessor. The audit may be conducted at any reasonable time during normal business hours. Lessee shall cooperate with Lessor in making the inspection and conducting the audit. Lessor shall also be entitled, once during each calendar year, and once within one hundred eighty (180) days after expiration or termination of this Agreement, to an independent audit of Lessee's books of account, records, cash receipts, and other pertinent data to determine Lessee's Gross Receipts. The audit shall be conducted at Lessor's sole cost and expense by a certified public accountant designated by Lessor. The audit shall be limited to the determination of Gross Receipts and shall be conducted during usual business hours in a manner that minimizes any interference with the conduct of Lessee's regular business operations. If the audit concludes that there is a deficiency in the payment of any rent payment, the deficiency shall become due and payable within twenty (20) days and if there is an overpayment, Lessor shall refund the amount of the overpayment within twenty (20) days. Lessor shall bear its costs of the audit unless the audit shows that Lessee understated Gross Receipts by more than five percent (5 %), in which case Lessee shall pay all Lessee's reasonable costs of the audit. Lessor shall keep any information gained from such statements, inspections or audits confidential to the maximum extent permitted by law. Lessor shall not disclose financial information received in confidence and pursuant to this Agreement except to carry out the purposes of this Agreement unless disclosure is required (rather than permitted) by law. However, Lessor may disclose the results of any audit in connection with any financing arrangements, the sale or transfer of Lessor's interest in the Premises, pursuant to order of a court or administrative tribunal, or to collect any outstanding rent payment. In the event of any audit by Lessor in accordance with this Agreement, Lessee may contest the results of Lessor's audit by performing a confirming audit within thirty (30) days of receipt of Lessor's audit results and supporting evidence, using an independent Certified Public Accountant reasonably acceptable to Lessor. If Lessee's audit discloses that Lessor's audit was incorrect by more than twenty 6 i� percent (20 %), then Lessor shall pay the cost of Lessee's contesting audit. The acceptance by Lessor of any money paid to Lessor by Lessee as a rent payment for the Premises, as shown by any statement furnished by Lessee, shall not be construed as an admission of the accuracy of said statement, or of the sufficiency of the amount of the rent payment. 5. Services for Citv City employees in City vehicles in the course of duties related to City business shall be permitted to use the Ferry without charge to City. 6. Utilities. Taxes and Assessments Lessee shall pay, and discharge prior to delinquency, any and all charges for water, gas, electricity, telephone, garbage disposal and other public services furnished to the Premises, or occupants thereof. Lessee shall pay, prior to delinquency, any and all possessory interest taxes, property taxes, all taxes assessed against and levied upon fixtures, furnishings, equipment, or improvements, such as piers, floats and ways, and all other personal property of Lessee located on the Premises, real property taxes, and fees and assessments which may at any time be imposed or levied by any public entity and attributable to Lessee's use of the Premises. Lessor hereby gives notice to Lessee, pursuant to Revenue and Tax Code Section 107.6 that this Agreement may create a possessory interest which is the subject of property taxes levied on such interest, the payment of which taxes shall be the sole obligation of Lessee. Lessee shall hold Lessor harmless from any and all loss, damage, or liability that may result from the failure of Lessee to comply with the provisions of this Section. 7. Use of the Premises Lessee shall use the Premises solely for the continued operation of the Ferry between Balboa Island and the Balboa Peninsula, as authorized in the Franchise.. Lessee shall construct, maintain and operate piers, docks, landings, slips, ramps gangways floats, piles and other facilities necessary for the operation of the Ferry. Lessee shall be entitled to tie up a ferryboat on each side of the ferry slip on Balboa Island for storage and maintenance purposes. Sufficient clearance from other docks shall be maintained to allow ferryboats to be safely maneuvered into position to tie up on the sides of the slip. l3 In addition, Lessee shall remove the ways as shown in Exhibit "B" within a reasonable period of time. Lessee shall not install decorations, or install any signs, lettering or advertising of any type, or any other type of visual displays, on or about the Premises without the prior written consent of Lessor, other than those existing at the commencement of this Agreement. Lessor shall maintain the existing restrooms at the Agate Street terminal for the use of Ferry patrons and members of the general public. Lessee is granted rights to perform minor maintenance of restrooms and /or restocking of restroom supplies at Lessee's expense when Lessee believes that good customer service demands rapid maintenance or restocking. Lessee is encouraged to contact Lessor's General Services department whenever restroom is not in good order. 8. Permits and Licenses Lessee, at its sole expense, shall obtain and maintain during the Term of this Agreement, all appropriate permits, licenses and certificates that may be required by any governmental agency in connection with the operation of its business. 9. Acceptance of Condition of Premises Lessee shall accept the Premises in "as is" condition, with no warranty, express or implied from the Lessor as to any latent, patent, foreseeable and unforeseeable condition of the Premises. 10. Alterations or Construction of Improvements Subject to Lessor's written approval as set forth below in this Section, and as material consideration for the extension of the term of ferry operations under a lease and franchise, Lessee shall obtain all required permits and commence to rebuild and repair the steel structures which connect the floating docks to the bulkheads such that the Capital Improvements are completed within five (5) years of the commencement of this Agreement. Lessee shall not alter existing improvements, nor construct new improvements, on the Premises, unless: A. Lessor has reviewed and approved all plans and specifications for the work to be performed and issued all appropriate permits that are preconditions to construction, including, but not limited to, any permits required by the City's Public Works department; B. Lessee has obtained all other permits required by law to be obtained prior to construction, including, without limitation, permits or approvals required 0 t �{ of the Coastal Commission, State Lands Commission and/or Army Corps of Engineers; and C. The proposed alteration and /or construction is consistent with the limitations on use of the property imposed by this Agreement, as well as any franchise, permit, license or other approval related to the use of the Premises or operation of the Ferry. Prior to the commencement of any work pursuant to this Section, Lessee shall obtain insurance to be approved as to form and sufficiency by Lessor's Risk Manager, and add Lessor to such insurance as an additional insured. 11. Reconstruction Notwithstanding the provisions of Section 10, Lessee shall be entitled to reconstruct improvements on the Premises that are damaged by fire, storm, wind, wave or similar perils. Lessee shall commence reconstruction within sixty (60) days from the date of the damage, and diligently pursue same to completion. Lessee shall not be entitled to any abatement in rent or other form of compensation from Lessor for loss of use of the Premises or improvements in the event of damage or destruction of improvements unless the damage is caused by the wrongful conduct of Lessor or its employees, officers or agents. 12. Maintenance and Repair Lessee shall be responsible for maintenance of the Premises, including piers, docks, landings, slips, ramps, gangways, floats and piles. Lessee shall also be responsible for dredging within the Premises on an as- needed basis, or as directed by Lessor. Lessee shall not be responsible for maintaining ways which are outside the scope of the Premises. Unless otherwise required by federal, state or local laws, Lessee shall not be required to obtain permits for maintenance work. 13. Liens Lessee shall not permit to be enforced against the Premises, any portion thereof or any structure or improvement thereon, any mechanics, materialmens, contractors or other liens arising from, or any claims for damages growing out of, any work or repair, construction or alteration of improvements on the Premises. Lessee shall give Lessor at least thirty (30) days prior written notice before commencing construction of any kind on the Premises so that Lessor may post appropriate notice of non - responsibility. 14. Lessor Paying Claim Should Lessee fail to pay and discharge, when due and payable, any tax or 0 l5 assessment, or any premium or other charge in connection with any insurance policy which Lessee is obligated to provide, or any lien or claim for labor or material employed or used in the repair, alteration, construction, or maintenance of improvements on the Premises, then Lessor may, after ten (10) days written notice to Lessee and at its option, pay any such tax, assessment, lien, claim, premium or charge, or settle or discharge any action, or satisfy and judgment thereon. All costs and expenses incurred or paid by Lessor pursuant to this paragraph, together with interest at the rate of ten percent (10 %) per annum from the date of payment, shall be deemed to be considered as additional rent and shall be paid by Lessee within ten (10) days after written notice that such payments are due. 15. Standard of Care Lessee agrees to perform all services required hereunder in a manner commensurate with community professional standards. 16. Inspection Lessor shall be entitled to inspect the Premises for compliance with the terms of this Agreement, and for compliance with all applicable Federal, State and local (including those of the City) government laws, statutes, ordinances, rules and regulations. Lessor may exercise these inspection rights at any time without notice. 17. Assignment/Transfers Lessee shall not transfer or assign this Agreement, or any right or interest created hereunder, or sublet the Premises or any portion thereof, unless and until Lessee has obtained the prior written consent of Lessor. Lessor shall not unreasonably withhold such consent, but Lessor reserves the right to condition approval of any assignment, transfer or subletting, upon Lessor's determination that the assignee, transferee or sublessee is as financially responsible as Lessee, has the experience and ability to operate the Ferry as well as Lessee, will agree to the terms and conditions of the franchise and other documents pertaining to the operation of the Ferry, and will provide the same level of public service as has been provided by Lessee. Should Lessee attempt to transfer, assign or sublet Lessee's interest in this Agreement or the Premises, except as provided in this Section, or should any of Lessee's rights under this Agreement be sold or otherwise transferred, or should Lessee be adjudged insolvent or bankrupt, then Lessor may, at its option, terminate this Agreement by giving thirty (30) days written notice. Should Lessor consent to any transfer, assignment, or subletting attempted without prior approval, that consent shall not constitute a waiver of any of the restrictions in this Section and the same shall apply to each subsequent attempt to transfer, assign or sublet this Agreement or the Premises. 10 I 18. Bankruptcy Lessee agrees that in the event all, or substantially all, of Lessee's assets are placed in the hands of a receiver or trustee and remain so for a period of thirty (30) days, or should Lessee make an assignment for the benefit of creditors or be adjudicated bankrupt, or should Lessee institute any proceedings under the Bankruptcy Act or similar law wherein Lessee seeks to be adjudicated bankrupt or to be discharged of its debts, or seeks to effect a plan of liquidation or reorganization, or should any involuntary proceedings be filed against Lessee and not dismissed or stayed within sixty (60) days, then this Agreement or any interest in and to the Premises shall not become an asset in any such proceeding and, to the extent permitted by law, Lessor may declare this Agreement terminated and take possession of the Premises and improvements. 19. Termination Lessor may terminate this Agreement immediately, or take any action authorized by law, in the event of a material breach and default as defined in Section 20. Either Lessor or Lessee may terminate this Agreement upon thirty (30) days notice to the other party if operation of the Ferry is rendered impossible or not feasible due to a natural disaster, requirements imposed by a regulatory agency, global warming or other force majeure event. 20. Defaults The occurrence of any one or more of the following events shall constitute a material default and breach of this Agreement by Lessee: A. Vacation or abandonment of the Premises by Lessee; B. The failure of Lessee to make any payment required by this Agreement when such failure continues for a period of ten (10) days after written notice that payment is due; or C. The failure of Lessee to observe or perform any of the covenants, conditions, or provisions of this Agreement, except for the default specified in Section 20(B) above, where such failure continues for a period of twenty (20) days after written notice of the noncompliance, provided, however, that if the nature of Lessee's default is such that more than twenty (20) days are reasonably required for its cure, then Lessee shall not be in default if Lessee commenced the cure within twenty (20) days after written notice and thereafter diligently pursues cure to completion. 21. Removal Upon expiration of the Term of this Agreement, or earlier termination as provided 11 i7 in Section 19, Lessee shall surrender possession of the Premises to Lessor in good condition and repair. Before surrendering possession, Lessee may, without expense to Lessor, remove from the Premises all signs, furnishings and personal property located on the Premises. If Lessee fails to remove any item of personal property, Lessor may deem such items to be abandoned and the sole property of Lessor, or remove and dispose of the items in which event the expense of removal and disposition shall be borne by Lessee and become immediately due and payable. 22. Indemnification To the fullest extent permitted by law, Lessee hereby agrees to defend, indemnify, and hold Lessor harmless from and against any and all liability, claims damages, suits, penalties, actions, demands, judgments, losses, or expenses of any kind or nature, including damage to any property and injury (including death) to any person (collectively, "Claims "), arising out of or resulting in any way, in whole or in part, from Lessee's use, maintenance, repair or occupation of the Premises, or any acts or omissions, intentional or negligent, of Lessee or its officers, agents or employees in the performance of their duties and obligations under this Agreement, except to the extent such claims are caused by the sole negligence or willful misconduct of Lessor, its officers, agents and employees. 23. Insurance Without limiting Lessee's indemnification of Lessor, Lessee shall obtain, provide and maintain at its own expense during the Term of this Agreement, a policy or policies of liability insurance of the type and amounts described below and in a form satisfactory to Lessor. A. Certificates of Insurance. Lessee shall provide certificates of insurance with original endorsements to Lessor as evidence of the insurance coverage required herein. Insurance certificates must be approved by Lessor's Risk Manager prior to commencement of performance or issuance of any permit. Current certification of insurance shall be kept on file with Lessor at all times during the Term of this Agreement. B. Signature. A person authorized by the insurer to bind coverage on its behalf shall sign certification of all required policies. C. Acceptable Insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance in the State of California, with an assigned policyholders' Rating of A (or higher) and Financial Size Category Class VII (or larger) in accordance with the latest edition of Best's Key Rating Guide, unless otherwise approved by Lessor's Risk Manager. 12 t8 D. Coverage Requirements. Workers' Compensation Coverage. Lessee shall maintain Workers' Compensation Insurance and Employer's Liability Insurance for its employees in accordance with the laws of the State of California. In addition, Lessee shall require each subcontractor to similarly maintain Workers' Compensation Insurance and Employer's Liability Insurance in accordance with the laws of the State of California for all of the subcontractor's employees. Any notice of cancellation or non - renewal of all Workers' Compensation policies must be received by Lessor at least thirty (30) calendar days (10 calendar days written notice of non - payment of premium) prior to such change. The insurer shall agree to waive all rights of subrogation against Lessor, its officers, agents, employees and volunteers for losses arising from work performed by Lessee for Lessor. Liability Coverage. Lessee shall maintain commercial general liability insurance and Protection and Indemnity insurance each in an amount not less than Two Million Dollars ($2,000,000.00) per occurrence for bodily injury, personal injury, and property damage. If commercial general liability insurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the activities to be performed under this Agreement, or the general aggregate limit shall be at least twice the required occurrence limit. iii. Automobile Liability Coverage. Lessee shall maintain automobile insurance covering bodily injury and property damage for all activities of the Lessee arising out of or in connection with the services to be performed under this Agreement, including coverage for any owned, hired, non -owned or rented vehicles, in an amount not less than Two Million Dollars and 00/100 Dollars ($2,000,000.00) combined single limit for each occurrence. iv. Fire and Extended Coverage. Lessee shall maintain fire and extended coverage insurance, together with insurance against vandalism, theft and malicious mischief, on the improvements and fixtures, alterations, trade fixtures, signs, equipment, personal property and inventory on or upon the Premises from loss or damage to the extent of their full replacement value. E. Endorsements. Each general liability insurance policy shall be endorsed with the following specific language: 13 i. Lessor, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insureds with respect to liability arising out of work performed by or on behalf of Lessee. ii. This policy shall be considered primary insurance as respects to Lessor, its elected or appointed officers, officials, employees, agents and volunteers as respects to all claims, losses, or liability arising directly or indirectly from Lessee's operations. Any insurance maintained by Lessor, including any self- insured retention Lessor may have, shall be considered excess insurance only and not contributory with the insurance provided hereunder. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company. iv. The insurer waives all rights of subrogation against Lessor, its elected or appointed officers, officials, employees, agents and volunteers. V. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to Lessor, its elected or appointed officers, officials, employees, agents or volunteers. vi. The insurance provided by this policy shall not be suspended, voided, canceled, or reduced in coverage or in limits, by either party except after thirty (30) calendar days (10 calendar days written notice of non - payment of premium) written notice has been received by Lessor. F. Timely Notice of Claims. Lessee shall give Lessor prompt and timely notice of any claim made or suit instituted arising out of or resulting from Lessee's performance under this Agreement. G. Additional Requirements. i. All insurance shall be written on an occurrence -made form. A claims -made form of insurance is prohibited under this Agreement; and ii. In the event Lessor's Risk Manager determines that (i) the Lessee's activities in the Premises creates an increased or decreased risk of loss to the Lessor, (ii) greater insurance coverage is required due to the passage of time, or (iii) changes in the industry require different 14 coverages be obtained, Lessee agrees that the minimum limits of any insurance policy required to be obtained by Lessee may be changed accordingly upon receipt of written notice from the Risk Manager,; provided that Lessee shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council within ten (10) days of receipt of notice from the Risk Manager. Not more frequently than once every year, Lessee may increase the insurance coverage as reasonably required by Lessor so that at all times, the amount of liability and Premises damage insurance coverage maintained by Lessee reasonably and fully protects Lessor. 24. Hazardous Substances A. From the date of execution of this Agreement and throughout the Term, Lessee shall not use, store, manufacture or maintain any Hazardous Substances on the Premises, except in the ordinary course of operating and maintaining its ferry boats, docks and landings in accordance with applicable law and regulations. B. For purposes of this Agreement, the term "Hazardous Substance" means: (i) any substance, product, waste or other material of any nature whatsoever which is or becomes listed, regulated, or addressed pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601 et seq. ( "CERCLA "); the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq.; the Resource Conversation and Recovery Act, 42 U.S.C. Section 6901 et seq. ( "RCRA "); the Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq.; the California Hazardous Waste Control Act, Health and Safety Code Section 25100 et seq.; the California Hazardous Substance Account Act, Health and Safety Code Sections 25330 et seq.; the California Safe Drinking Water and Toxic Enforcement Act, Health and Safety Code Sections 25249.5 et seq.; California Health and Safety Code Sections 25280 et seq. (Underground Storage of Hazardous Substances); the California Hazardous Waste Management Act, Health and Safety Code Sections 25170.1 et seq.; California Health and Safety Code Sections 25501 et seq. (Hazardous Materials Response Plans and Inventory); or the Porter - Cologne Water Quality Control Act, Water Code Sections 13000 et seq., all as they, from time -to -time may be amended, (the above -cited statutes are here collectively referred to as "the Hazardous Substances Laws ") or any other Federal, State or local statute, law, ordinance, resolution, code, rule, regulation, order or decree regulating, relating to, or imposing liability or standards of conduct concerning, any hazardous, toxic or dangerous waste, substance or material, as now or at any time hereafter in effect; (ii) any substance, product, waste or other material of any nature whatsoever 15 as which may give rise to liability under any of the above statutes or under any statutory or common law theory, including but not limited to negligence, trespass, intentional tort, nuisance, waste or strict liability or under any reported decisions of a state or federal court; (iii) petroleum or crude oil; and (iv) asbestos. C. Notwithstanding any contrary provision of this Agreement, and in addition to the indemnification duties of Lessee set forth in Section 22 in this Agreement, Lessee agrees to indemnify, defend with counsel reasonably acceptable to Lessor, protect, and hold harmless Lessor, its officials, officers, employees, agents, and assigns from and against any and all losses, fines, penalties, claims, damages, judgments, or liabilities, including, but not limited to, any repair, cleanup, detoxification, or preparation and implementation of any remedial, response, closure or other plan of any kind or nature which the Lessor, its officials, officers, employees, agents, or assigns may sustain or incur or which may be imposed upon them in connection with the use of the Premises provided under this Agreement, arising from or attributable to the storage or deposit of Hazardous Substances. This Section is intended to operate as an agreement pursuant to Section 107(e) of CERCLA, 42 USC Section 9607(e), and California Health and Safety Code Section 25364, to insure, protect, hold harmless, and indemnify Lessor for any claim pursuant to the Hazardous Substance Laws or the common law. D. Lessor agrees that Lessor will not, and will not authorize any third party to use, generate, store, or dispose of any Hazardous Substances on, under, about or within the Premises in violation of any law or regulation. Lessor and Lessee each agree to defend, indemnify and hold harmless the other and the other's partners, affiliates, agents and employees against any and all losses, liabilities, claims and /or costs (including reasonable attorneys' fees and costs) arising from any breach of any representation, warranty or agreement contained in this Section. This Section shall survive the termination of this Agreement. Upon expiration or earlier termination of this Agreement, Lessee shall surrender and vacate the Premises and deliver possession thereof to Lessor on or before the termination date free of any Hazardous Substances released into the environment at, on or under the Premises that are directly attributable to Lessee. 25. Compliance with Laws Lessee, at its sole cost, shall observe, perform, and comply with all laws, statutes, ordinances, rules, and regulations promulgated by any governmental agency, including all applicable zoning ordinances, building codes and environmental laws. Lessee shall not occupy or use the Premises, or permit any portion of the Premises to be occupied or used for any use or purpose that is unlawful in part or in whole, or deemed by Lessor to be disreputable in any 16 ate. manner or extra hazardous in any way. 26. Not Agent of Lessor Neither anything in this Agreement nor any acts of Lessee shall authorize Lessee or any of its employees, agents or contractors to act as agent, contractor, joint venturer or employee of Lessor for any purpose. 27. No Third Party - Beneficiaries Lessor and Lessee do not intend, by any provision of this Agreement, to create in any third party, any benefit or right owed by one party, under the terms and conditions of this Agreement, to the other party. 28. Notices All notices and other communications required or permitted to be given under this Agreement, including any notice of change of address, shall be in writing and given by personal delivery, or deposited with the United States Postal Service, postage prepaid, addressed to the parties intended to be notified. Notice shall be deemed given as of the date of personal delivery, or if mailed, upon the date of deposit with the United States Postal Service. Notice shall be given as follows: To Lessor: Administrative Services Department Revenue Division Attention: Income Contract Administrator City of Newport Beach PO Box 1768 3300 Newport Boulevard Newport Beach, CA, 92658 949 - 644 -3153 To Lessee: Mr, Seymour Beek Balboa Island Ferry, Inc. 410 South Bay Front Newport Beach, CA 92662 949 - 673 -1070 29. Entire Agreement/Amendments A. The terms and conditions of this Agreement, all exhibits attached hereto, and all documents expressly incorporated by reference, represent the entire Agreement of the parties with respect to the subject matter of this Agreement. B. This written Agreement shall supersede any and all prior agreements, oral 17 a3 or written, regarding the subject matter between Lessee and Lessor. C. No other agreement, promise or statement, written or oral, relating to the subject matter of this Agreement, shall be valid or binding, except by way of a written amendment to this Agreement. D. The terms and conditions of this Agreement shall not be altered or modified except by a written amendment to this Agreement signed by Lessee and Lessor. E. If any conflicts arise between the terms and conditions of this Agreement, and the terms and conditions of the attached exhibits or the documents expressly incorporated by reference, the terms and conditions of this Agreement shall control. F. Any obligation of the parties relating to monies owed, as well as those provisions relating to limitations on liability and actions, shall survive termination or expiration of this Agreement. 30. Waivers The waiver by either party of any breach or violation of any term, covenant or condition of this Agreement, or of any ordinance, law or regulation, shall not be deemed to be a waiver of any other term, covenant, condition, ordinance, law or regulation, or of any subsequent breach or violation of the same or other term, covenant, condition, ordinance, law or regulation. The subsequent acceptance by either party of any fee, performance, or other consideration which may become due or owing under this Agreement, shall not be deemed to be a waiver of any preceding breach or violation by the other party of any term, condition, covenant of this Agreement or any applicable law, ordinance or regulation. 31. Costs and Attorneys' Fees The prevailing party in any action brought to enforce the terms and conditions of this Agreement, or arising out of the performance of this Agreement, shall not be entitled to recover its attorneys' fees. 32. City Business License Lessee shall obtain and maintain during the duration of this Agreement, a City business license as required by the Newport Beach Municipal Code. 33. Applicable Law This Agreement shall be construed in accordance with the laws of the State of California in effect at the time of the execution of this Agreement. Any action 18 brought relating to this Agreement shall be adjudicated in a court of competent jurisdiction in the County of Orange. 34. Interpretation The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of the Agreement or any other rule of construction which might otherwise apply. 35. Time is of the Essence Time is of the essence for this Agreement. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in duplicate on the date and year first written herein. City of Newport Beach A Municipal Corporation Steve Rosansky, Mayor ATTEST: City Clerk APPROVED AS TO FORM: Aaron C. Harp, Assistant City Attorney 19 Balboa Island Ferry, a California corporation By: Name: By: Name: 2 S OU NNCI AGENDA N0. -��- 07 • CITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 3 June 12, 2007 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: City Manager's Office Dave Kiff, Assistant City Manager DKifftaa)_city.newport- beach.ca.us or 949 -644 -3002 SUBJECT: Ordinance No. 2007 -_: Franchise with Balboa Island Ferry; Lease Agreement with Balboa Island Ferry ISSUE: Should the City adopt an Ordinance entering into a franchise with the Balboa Island Ferry (BIF). and enter. into a new Lease Agreement with BIF to allow BIF to undertake repairs by extending BIF's lease term ten years and adjusting the rent? • RECOMMENDATIONS: 1. Introduce Ordinance No. 2007- _ granting a Franchise to the Balboa Island Ferry and pass to 2n4 reading; and 2. Authorize the Mayor to execute a Lease Agreement with the Balboa Island Ferry. The effective date of the Lease Agreement shall be the effective date of Ordinance No 2007- DISCUSSION: Background: The State of California became the owner of the tidelands in the City of Newport Beach upon the State's admission to the union in 1850. The City manages those tidelands pursuant to various legislative grants from the State. The Balboa Island Ferry (BIF), since 1938, has leased a small portion of these tidelands from the City, for the construction and maintenance of slips, docks, ways and other appurtenances, all used in conjunction with the operation of a ferry which transports persons and vehicles between terminals located near Agate Avenue on Balboa Island and Palm Avenue on Balboa Peninsula, • Current Lease. The current lease agreement (entered into October 25, 1988) expires Balboa Island Ferry June 92, 2007 Page 2 on September 30, 2013. BIF is also a franchisee pursuant to Ordinance No. 88 -33, in part because the City Charter (Article XIII, §1300) requires that any provision of transportation services requires a franchise. Further, §30900 of the California Streets and Highways Code grants cities the right to issue franchises to toll ferries. Within the Lease Agreement and the Franchise, BIF pays the City 6% of gross receipts (3% in the Lease and 3% in the Franchise). There is no fixed minimum rent in the current Lease Agreement (nor in the Franchise). Here are the last few years' payments from BIF to the City, according to the Preliminary FY 2007 -08 Budget Detail (page 12): 2003 -04 Actual $ 84,666 2004 -05 Actual $ 66,945 2005 -06 Actual $ 67,620 2006 -07 Estimated $ 73,000 200708 Proposed $ 71,534 In 2005, BIF determined that the ramps used by its ferries needed to be replaced .or' rebuilt. In order to properly amortize its construction costs for this repair, BIF requested a longer lease term with the City. Per Council Policy F -7 (income Properties) the City hired an appraiser to look at the BIF operations — we hired Jim Netzer of Netzer & Associates. Netzer determined that the fair market rent for the,-Balboa Island Ferry was six percent (6 %) of gross receipts (date of value is September 30, 2006). . Proposed Lease and Franchise. After some negotiation, City staff and BIF agreed to the terms and conditions of the attached Lease Agreement and franchise. The Lease would allow BIF use of the City property across Lower Newport Bay between the northerly end of Palm Street on the Balboa Peninsula and the southerly end of Agate Avenue on Balboa Island, in exchange for BIF's payment of the greater of 5% of its gross receipts or $70,000 1year. (as adjusted annually by the Consumer Price Index). We believe it to be a fair trade -off with BIF to lower percentage rent from the appraiser's value by 1% to gain a $70,000 base rent with a CPI adjustment, given the recent revenue history of BIF. The proposed ordinance for the franchise removes references to rent (consolidating all rent information to the Lease) but continues to authorize operation of the BIF pursuant to the City Charter and State law, and confers to BIF the right to operate on the same property as the Lease, contingent upon BIF's compliance with the Lease provisions: The new Lease also extends the term to 2032 and requires BIF to repair its ramps within a reasonable period of time. 0) 1 • Balboa Island Ferry June 1$ 2007 Page 3 • Given the BIF's history and relationship with the City, we recommend that the City Council approve the ordinance authorizing the franchise and authorize the Mayor to execute the attached Lease agreement. Submitted by: (J,,V---, Dave A!, , Assistant City Manager Attachments: Ordinance No. 2007 - Granting a Transportation Franchise to the Balboa Island Ferry Lease Agreement City - Balboa Island Ferry • ORDINANCE NO. 2007 -_ i AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH GRANTING A FRANCHISE TO THE BALBOA ISLAND FERRY, INC. NOW THEREFORE, the City Council of the City of Newport Beach, California, HEREBY ORDAINS as follows: SECTIONA: The City Council finds: A. The. Balboa Island Ferry, Inc., a California corporation, ("Grantee ") has requested an extension of its current franchise agreement to continue operating a toll ferry across Lower Newport Bay between Palm Street on the Balboa Peninsula and Agate Avenue on Balboa Island; B. The, Balboa Island Ferry has operated continuously at this location for over seventy. (70) years, and operated under the last eighteen (18) years or so under a franchise last granted by the City Council in September, 1988 { "1988. Franchise "); C. The City Council has authority, pursuant to the provisions of Article XIII of • the City Charter of the City of Newport Beach and Section 30900 of the Streets & Highway Code, to grant a franchise to any person authorizing operation of a toll ferry; D. The ferry would operate wholly within the boundaries of the City of Newport Beach ("City "). The route of the ferry does not constitute a part of an extension of a state highway, and no part of the ferry route is within ten (10) miles of a toll bridge in operation, or under construction, over any body of water across which the ferry is to operate. It is not feasible to build a bridge, tunnel, combination thereof, or other normal highway structure in lieu of the use of the ferry; E. The operation of the ferry is on a route classified as a public road within the State and has not been designated as a route on the Interstate System; F. The proposed franchise is consistent with the various elements of the General Plan of the City, the Land Use Plan of the Local Coastal Program, and other ordinances, policies, and regulations adopted by the City; G. The franchise authorizes a level of public service essentially identical to • ' that offered by Grantee during the preceding franchise term and, as such, • does not constitute "development" as that term is defined in the Coastal Act; H. The City now intends to terminate the 1988 Franchise and grant this franchise, which shall extend the term of the franchise; and I. The City Council has fully complied with the provisions of the Charter of the City of Newport Beach regarding the grant of franchises. IT IS HEREBY ORDAINED that pursuant to the provisions of Article XIII of the Charter of the City of Newport Beach and Section 30900 of the Streets & Highways Code of the State of California, the City Council hereby terminates the 1988 Franchise and declares its intention to grant another franchise for the operation of a toll ferry to the Grantee under the following terms and conditions: SECTION 2: Grant of Franchise. The City Council grants a franchise to the Grantee to operate a toll ferry for the transportation of passengers, vehicles and freight across Lower Newport Bay between the northerly end of Palm Street on the Balboa Peninsula and the southerly end of Agate Avenue on Balboa Island. • The term of this franchise shall,run concurrent with, and the operation of:the ferry shall comply with all the terms of the attached Lease Agreement, which shall be dated as of the effective date of this Ordinance granting the franchise, and the rights under this franchise shall terminate when that Lease Agreement terminates. The rights granted by this franchise to operate upon City property shall be contingent upon Grantee's compliance with the Lease Agreement provisions. SECTION 3: The Mayor shall sign and the City Clerk shall attest to the passage of this ordinance. The City Clerk shall cause the same to be published once in the official newspaper of the City, and it shall be effective thirty (30) days after its adoption. SECTION 4: This ordinance was introduced at a regular meeting of the City Council of the City of Newport Beach, held on the _ day of 2007, And adopted on the _ day of 2007, by the following vote, to wit: AYES, COUNCILMEMBERS NAYS, COUNCILMEMBERS • ATTEST: CITY CLERK ABSENT COUNCILMEMBERS • 11 TIMM • • own, 6-7-07 LEASE AGREEMENT This Lease Agreement ( "Agreement ") is entered into this day of 2007, by and between the City of Newport Beach ( "Lessor"), a municipal corporation, and the Balboa Island Ferry, Inc., a California corporation, whose address is 410 South Bay Front, Newport Beach, California 92662 ( "Lessee "). Lessee and Lessor are each a "Party" and together the "Parties" to this Agreement. RECITALS A. Lessor is a municipal corporation duly organized and validly existing under the laws of the State of California with the power to carry on its business as it is now being conducted under the statutes of the State of California and the Charter of City; B. The State of California became the owner of tidelands on admission to the union in 1850. Lessor manages'those tidelands pursuant to various legislative grants from the State. The State Lands Commission, which administers tidelands, generally requires a trustee to negotiate leases on the basis of the current market value of the parcel. Failure of a trustee to receive consideration approximating • the fair market value of leased tidelands could, under certain circumstances, be considered a violation of Section 6 of Article XVI of the State Constitution (the prohibition of gifts of public funds to private entities); C. Lessor has, since 1938, leased a small portion of these tidelands to Lessee for the construction and maintenance of slips, docks, ways and other appurtenances, all to be used in conjunction with the operation of 2 to 5 ferryboats which transport persons, vehicles and freight between terminals located near Agate Avenue on Balboa Island and Palm Street on Balboa Peninsula (the "Ferry"); D. The unique nature of Lessee's business operations, as well as Lessee's long history with the operations of the Ferry, are declared by the Lessor to be so unique as to allow Lessor to enter into a new lease agreement with Lessee on a sole -source basis; E. Lessee and Lessor are currently parties to a lease agreement dated October 25, 1988, which expires on September 30, 2013 ( "1988 Lease "), and Lessee is also a franchisee pursuant to Ordinance No. 88 -33 ( "1988 Franchise "); F. Lessee and Lessor now intend to terminate the 1988 Lease and the 1988 Franchise, and enter into this Agreement and a. new franchise, which shall • extend the term of the lease agreement to October 31, 2032, require Lessee to rebuild and repair the ramps, docks and appurtenant improvements of the Premises, and update certain provisions; G. The new franchise, approved by the City Council pursuant to Ordinance No. 2007- and entered into concurrently herewith, shall grant Lessee the right to operate the Ferry across Lower Newport Bay and to charge a toll to patrons for use of the Ferry (hereinafter the "Franchise "); H. In consideration for the extension of the lease term and the renewal of the Franchise, Lessee has agreed to rebuild and repair the steel structures on the ramps and appurtenant dock and other improvements in the amount of $200,000,( Capital Improvements); The operation of the Ferry is consistent with the trust imposed upon these tidelands which require they be used for commerce, fishing, and navigation; J. It is not feasible to build a bridge, tunnel, combination thereof, or other normal highway structure in lieu of the use of the Ferry; K. The operation of the Ferry is on a route classified as a public road within the State and has not been designated as a route on the Interstate System; L. The Ferry terminal facility is publicly owned, and the Ferry and Ferry terminal facility provides substantial public benefits; M. The Ferry does not operate in international waters; N. The City Council has the authority to enter into a lease of tidelands or beachfront property when, as is the case here, the property was under lease as of the effective date of the Charter; and O. This Agreement is consistent with provisions of the Land Use Plan of the Local Coastal Program, the Circulation Element of the General Plan, and other documents utilized by Lessor to evaluate the traffic impacts of impacting land uses and proposed projects. In consideration of the mutual promises and obligations contained in this Agreement, the receipt and sufficiency of which are hereby acknowledged, Lessee and Lessor hereby terminate the 1988 Lease and enter into this Agreement on the following terms and conditions: NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. Leased Premises Lessor hereby leases to Lessee the property, and related improvements, • e depicted in Exhibit "A" (the "Premises "). The rights granted herein are subject to • the terms, covenants and conditions hereinafter set forth, and Lessee covenants, as a material part of the consideration for this Agreement, to keep and perform each and every term, covenant and condition of this Agreement. 2. Term The term of the Agreement granted hereunder ( "Term ") shall commence on July 1, 2007 ( "Commencement Date "), and continue for a period of twenty -five (25) years, to expire on July 31, 2032, unless terminated earlier as set forth herein. 3. Rent Payments A. Base Rent. Base Rent shall be established at Seventy Thousand and no /100 Dollars ($70,000.00) per year, and shall be adjusted annually, as provided below. Base Rent Adjustment. Upon the anniversary of the Commencement Date, Base Rent shall be adjusted in proportion to changes in the Consumer Price Index. Such adjustment shall be made by multiplying the original Base Rent by a fraction, the numerator of which is the value of the Consumer Price Index for the calendar month three (3) months preceding the calendar month for which such adjustment is to be made and the • denominator of which is the value of the Consumer Price Index for the same calendar month immediately prior to the Commencement Date. For example, if the adjustment is to occur effective March 1, 2008, the index to be used for the numerator is the index for the month of December, 2007 and the index to be used for the denominator is the index for the month of December preceding the Commencement Date. The "Consumer Price Index" to be used in such calculation is the Consumer Price Index, All Urban Consumers (All Items), for Los Angeles - Riverside — Orange County, CA, published by the United States Department of Labor, Bureau of Labor Statistics (1982 -84 = 100). If both an official index and one or more unofficial indices are published, the official index shall be used. If said Consumer Price Index is no longer published at the adjustment date, it shall be constructed by conversion tables included in such new index. In no event shall the amount payable under this Agreement be reduced below the Base Rent in effect immediately preceding such adjustment. B. Percentage Rent. For the authorized use and occupancy of the Premises, Lessee shall pay Lessor five percent (5 %) of the annual "Gross Receipts ", as defined below, as Percentage Rent. C. Percentage Rent Accounting and Payment. Within forty-five (45) days after the end of each calendar quarter for the Term, Lessee shall furnish to • Lessor a statement in writing, certified by Lessee and a Certified Public 3 Accountant to be correct, showing the total Gross Receipts made in, upon, or from and/or otherwise attributable to the Premises for Ferry operations during the preceding calendar quarter, and shall accompany each such statement with the Percentage Rent payment for that calendar quarter. D. Definition of Gross Receipts. "Gross Receipts" shall mean: all money, cash receipts, assets, property or other things of value, including but not limited to gross charges, tolls, sales, fees and commissions made or earned by Lessee and /or all the assignees, sub - licensees, licensees, or permittees of Lessee, collected from Ferry operations,without, except as expressly provided below, deduction from gross receipts for any overhead or cost or expense of operations, such as, but without limitation to salaries, wages, interest, debt amortization, credit, collection costs, discount from credit card operations, insurance and taxes. Each installment or credit sale shall be treated as a sale for the full price in the month during which such sale is made, irrespective of whether or when Lessee receives payment therefor. Gross Receipts shall not include, or if included there shall be deducted (but only to the extent they have been included), the following: i. Sales and use taxes, so- called luxury taxes, consumers' excise taxes, gross receipts taxes, and other similar taxes now or in the future imposed on the sale of services, but only if such taxes are added to the selling price and collected from customers; • ii. Cash refunds made to customers in the ordinary course of business; and iii. Amounts paid to charge card or credit card issuers. Gross Receipts shall be reported on the cash method. Notwithstanding the foregoing, Lessee agrees to allow only that use authorized in Section 7, and that any unauthorized use shall constitute a breach of this Agreement and shall, at the option of Lessor, terminate this Lease. In the event the Premises are used for uses other than that specifically authorized in Section 7, then in addition to all other remedies allowed by law or authorized elsewhere in this Agreement, Lessor shall be entitled to receive from Lessee and Lessee shall be required to pay to Lessor additional Percentage Rent calculated as One Hundred Percent (100 %) of the gross receipts accountable to such unauthorized use, whether for cash or credit, or otherwise, and including the value of all consideration other than money received for that use. This amount shall be retroactive to the commencement of such unauthorized use and shall continue until the unauthorized use is abated. This additional rent • 4 payment shall be subject to the due date for the next Percentage Rent • payment and the provisions for delinquent payments. The parties agree and understand that the collection and acceptance by Lessor of this additional rent payment, shall not, in any way be deemed a waiver nor estoppel of Lessor's right to require abatement of the unauthorized use or at Lessor's option to pursue any other remedies available at law or equity. E. Annual Statements of Gross Receipts and Rent Reconciliation. Within forty-five (45) days after the end of each calendar year during the Term, as it may be extended, Lessee shall furnish a written statement to Lessor, certified by Lessee and a Certified Public Accountant to be correct, showing the total Gross Receipts made in, upon, or from and/or otherwise attributable to the Premises during the preceding calendar year (or fractional year at the beginning of the Term if the Commencement Date is other than the first day of the year), the Percentage Rent due and the Percentage Rent paid. If Lessee has paid Lessor more Percentage Rent than the Base Rent, Lessor shall retain any amount of the Percentage Rent in excess of the Base Rent. If Lessee has paid Lessor less Percentage Rent than the Base Rent, Lessee shall include, with its annual statement, a payment to the Lessor equal to the difference between the Base Rent and Percentage Rent. F. Late Charge. A ten percent (10 %) late charge shall be added to any • payment required under this Agreement if not received by Lessor within thirty (30) days following the due date. In addition, all unpaid fees shall accrue interest at the rate of one and a half percent (1 Y2 %) per month or any portion of a month until paid in full. • G. Rent Payments Exclusive of Other Fees. Rent payments shall be in addition to any other fee or fees required to be paid by Lessee, excepting any future franchise fees. H. Payment Procedure. All rent payments and others sums payable pursuant to this Agreement shall be directed to: City of Newport Beach Cashiering Division 3300 Newport Blvd. PO Box 1768 Newport Beach, CA 92658 or at such other place as Lessor may hereafter designate in writing. 5 4. Production of Statement, Records and Audit Lessee shall keep within the County of Orange (and shall require any permitted • subtenant to keep within the County of Orange) full, complete and proper books, records and accounts of its daily Gross Receipts, both for cash and on credit. Lessee agrees to make available for inspection by Lessor at the Premises, a complete and accurate set of books and records of all sales of goods, wares, and merchandise and revenue derived from the conduct of business or activity in, at or from the Premises from which Gross Receipts can be determined. Lessee shall also make available, upon Lessor's request, all supporting records. Lessee shall retain and preserve for at least three (3) years all records, books, bankbooks or duplicate deposit books and other evidence of Gross Receipts. Lessor shall have the right, upon reasonable notice, during the Term and within one hundred eighty (180) days after expiration or termination of this Agreement to inspect and audit Lessee's books and records and to make transcripts to verify the rent payments due to the Lessor. The audit may be conducted at any reasonable time during normal business hours. Lessee shall cooperate with Lessor in making the inspection and conducting the audit. Lessor shall also be entitled, once during each calendar year, and once within one hundred eighty (180) days after expiration or termination of this Agreement; to an independent audit of Lessee's books of account, records, cash receipts, and other pertinent data to determine Lessee's Gross Receipts. The audit shall be conducted at Lessor's sole cost and expense by a certified public accountant designated by Lessor. The audit shall be limited to the determination of Gross Receipts and shall be conducted during usual business hours in a manner that minimizes any • j interference with the conduct of Lessee's regular business operations. If the audit concludes that there is a deficiency in the payment of any rent payment, the deficiency shall become due and payable within twenty (20) days and if there is an overpayment, Lessor shall refund the amount of the overpayment within twenty (20) days. Lessor shall bear its costs of the audit unless the audit shows that Lessee understated Gross Receipts by more than five percent (5 %), in which case Lessee shall pay all Lessee's reasonable costs of the audit. Lessor shall keep any information gained from such statements, inspections or audits confidential to the maximum extent permitted by law. Lessor shall not disclose financial information received in confidence and pursuant to this Agreement except to carry out the purposes of this Agreement unless disclosure is required (rather than permitted) by law. However, Lessor may disclose the results of any audit in connection with any financing arrangements, the sale or transfer of Lessor's interest in the Premises, pursuant to order of a court or administrative tribunal, or to collect any outstanding rent payment. In the event of any audit by Lessor in accordance with this Agreement, Lessee may contest the results of Lessor's audit by performing a confirming audit within thirty (30) days of receipt of Lessor's audit results and supporting evidence, using an independent Certified Public Accountant reasonably acceptable to Lessor. If Lessee's audit discloses that Lessor's audit was incorrect by more than twenty • 0 percent (20 %), then Lessor shall pay the cost of Lessee's contesting audit. • The acceptance by Lessor of any money paid to Lessor by Lessee as a rent payment for the Premises, as shown by any statement furnished by Lessee, shall not be construed as an admission of the accuracy of said statement, or of the sufficiency of the amount of the rent payment. 5. Services for City City employees in City vehicles in the course of duties related to City business shall be permitted to use the Ferry without charge to City. 6. Utilities, Taxes and Assessments Lessee shall pay, and discharge prior to delinquency, any and all charges for water, gas, electricity, telephone, garbage disposal and other public services furnished to the Premises, or occupants thereof. Lessee shall pay, prior to delinquency, any and all possessory interest taxes, property taxes, all taxes assessed against and levied upon fixtures, furnishings, equipment, or improvements, such as piers, floats and ways, and all other personal property of Lessee located on the Premises, real property taxes, and fees and assessments which may at any time be imposed or levied by any public • entity and attributable to Lessee's use of the Premises. Lessor hereby gives notice to Lessee, pursuant to Revenue and Tax Code Section 107.6 that this Agreement may create a possessory interest which is the subject of property taxes levied on such interest, the payment of which taxes shall be the sole obligation of Lessee. • Lessee shall hold Lessor harmless from any and all loss, damage, or liability that may result from the failure of Lessee to comply with the provisions of this Section. 7. Use of the Premises Lessee shall use the Premises solely for the continued operation of the Ferry between Balboa Island and the Balboa Peninsula, as authorized in the Franchise.. Lessee shall construct, maintain and operate piers, docks, landings, slips, ramps gangways floats, piles and other facilities necessary for the operation of the Ferry. Lessee shall be entitled to tie up a ferryboat on each side of the ferry slip on Balboa Island for storage and maintenance purposes. Sufficient clearance from other docks shall be maintained to allow ferryboats to be safely maneuvered into position to tie up on the sides of the slip. DI 10 In addition, Lessee shall remove the ways as shown in Exhibit "B" within a reasonable period of time. • Lessee shall not install decorations, or install any signs, lettering or advertising of any type, or any other type of visual displays, on or about the Premises without the prior written consent of Lessor, other than those existing at the commencement of this Agreement. Lessor shall maintain the existing restrooms at the Agate Street terminal for the use of Ferry patrons and members of the general public. Lessee is granted rights to perform minor maintenance of restrooms and/or restocking of restroom supplies at Lessee's expense when Lessee believes that good customer service demands rapid maintenance or restocking. Lessee is encouraged to contact Lessor's General Services department whenever restroom is not in good order. Permits and Licenses Lessee, at its sole expense, shall obtain and maintain during the Term of this Agreement, all appropriate permits, licenses and certificates that may be required by any governmental agency in connection with the operation of its business. Acceptance of Condition of Premises Lessee shall accept the Premises in "as is" condition, with no warranty, express or implied from the Lessor as to any latent, patent, foreseeable and • unforeseeable condition of the Premises. Alterations or Construction of Improvements Subject to Lessor's written approval as set forth below in this Section, and as material consideration for the extension of the term of ferry operations under a lease and franchise, Lessee shall obtain all required permits and commence to rebuild and repair the steel structures which connect the floating docks to the bulkheads such that the Capital Improvements are completed within five (5) years of the commencement of this Agreement. Lessee shall not alter existing improvements, nor construct new improvements, on the Premises, unless: A. Lessor has reviewed and approved all plans and specifications for the work to be performed and issued all appropriate permits that are preconditions to construction, including, but not limited to, any permits required by the City's Public Works department; B. Lessee has obtained all other permits required by law to be obtained prior to construction, including, without limitation, permits or approvals required • 8 of the Coastal Commission, State Lands Commission and/or Army Corps • of Engineers; and C. The proposed alteration and /or construction is consistent with the limitations on use of the property imposed by this Agreement, as well as any franchise, permit, license or other approval related to the use of the Premises or operation of the Ferry. Prior to the commencement of any work pursuant to this Section, Lessee shall obtain insurance to be approved as to form and sufficiency by Lessor's Risk Manager, and add Lessor to such insurance as an additional insured. 11. Reconstruction Notwithstanding the provisions of Section 10, Lessee shall be entitled to reconstruct improvements on the Premises that are damaged by fire, storm, wind, wave or similar perils. Lessee shall commence reconstruction within sixty (60) days from the date of the damage, and diligently pursue same to completion. Lessee shall not be entitled to any abatement in rent or other form of compensation from Lessor for loss of use of the Premises or improvements in the event of damage or destruction of improvements unless the damage is caused by the wrongful conduct of Lessor or its employees, officers or agents. 0 12. Maintenance and Repair Lessee shall be responsible for maintenance of the Premises, including piers, docks, landings, slips, ramps, gangways, floats and piles. Lessee shall also be responsible for dredging within the Premises on an as- needed basis, or as directed by Lessor. Lessee shall not be responsible for maintaining ways which are outside the scope of the Premises. Unless otherwise required by federal, state or local laws, Lessee shall not be required to obtain permits for maintenance work. 13. Liens Lessee shall not permit to be enforced against the Premises, any portion thereof or any structure or improvement thereon, any mechanics, materialmens, contractors or other liens arising from, or any claims for damages growing out of, any work or repair, construction or alteration of improvements on the Premises. Lessee shall give Lessor at least thirty (30) days prior written notice before commencing construction of any kind on the Premises so that Lessor may post appropriate notice of non - responsibility. 14. Lessor Paving Claim • Should Lessee fail to pay and discharge, when due and payable, any tax or 9 assessment, or any premium or other charge in connection with any insurance policy which Lessee is obligated to provide, or any lien or claim for labor or material employed or used in the repair, alteration, construction, or maintenance • of improvements on the Premises, then Lessor may, after ten (10) days written notice to Lessee and at its option, pay any such tax, assessment, lien, claim, premium or charge, or settle or discharge any action, or satisfy and judgment thereon. All costs and expenses incurred or paid by Lessor pursuant to this paragraph, together with interest at the rate of ten percent (10 %) per annum from the date of payment, shall be deemed to be considered as additional rent and shall be paid by Lessee within ten (10) days after written notice that such payments are due. 15. Standard of Care Lessee agrees to perform all services required hereunder in a manner commensurate with community professional standards. 16. Inspection Lessor shall be entitled to inspect the Premises for compliance with the terms of this Agreement, and for compliance with all applicable Federal, State and local (including those of the City) government laws, statutes, ordinances, rules and regulations. Lessor may exercise these inspection rights at any time without notice. 17. Assignment/Transfers •) Lessee shall not transfer or assign this Agreement, or any right or interest created hereunder, or sublet the Premises or any portion thereof, unless and until Lessee has obtained the prior written consent of Lessor. Lessor shall not unreasonably withhold such consent, but Lessor reserves the right to condition approval of any assignment, transfer or subletting, upon Lessor's determination that the assignee, transferee or sublessee is as financially responsible as Lessee, has the experience and ability to operate the Ferry as well as Lessee, will agree to the terms and conditions of the franchise and other documents pertaining to the operation of the Ferry, and will provide the same level of public service as has been provided by Lessee. Should Lessee attempt to transfer, assign or sublet Lessee's interest in this Agreement or the Premises, except as provided in this Section, or should any of Lessee's rights under this Agreement be sold or otherwise transferred, or should Lessee be adjudged insolvent or bankrupt, then Lessor may, at its option, terminate this Agreement by giving thirty (30) days written notice. Should Lessor consent to any transfer, assignment, or subletting attempted without prior approval, that consent shall not constitute a waiver of any of the restrictions in this Section and the same shall apply to each subsequent attempt to transfer, assign or sublet this Agreement or the Premises. • 10 18. Bankruptcy • Lessee agrees. that in the event all, or substantially all, of Lessee's assets are placed in the hands of a receiver or trustee and remain so for a period of thirty (30) days, or should Lessee make an assignment for the benefit of creditors or be adjudicated bankrupt, or should Lessee institute any proceedings under the Bankruptcy Act or similar law wherein Lessee seeks to be adjudicated bankrupt or to be discharged of its debts, or seeks to effect a plan of liquidation or reorganization, or should any involuntary proceedings be filed against Lessee and not dismissed or stayed within sixty (60) days, then this Agreement or any interest in and to the Premises shall not become an asset in any such proceeding and, to the extent permitted by law, Lessor may declare this Agreement terminated and take possession of the Premises and improvements. 19. Termination Lessor may terminate this Agreement immediately, or take any action authorized by law, in the event of a material breach and default as defined in Section 20. Either Lessor or Lessee may terminate this Agreement upon thirty (30) days notice to the other party if operation of the Ferry is rendered impossible or not feasible due to a natural disaster, requirements imposed by a regulatory agency, global warming or other force majeure event. • 20. Defaults The occurrence of any one or more of the following events shall constitute a material default and breach of this Agreement by Lessee: A. Vacation or abandonment of the Premises by Lessee; B. The failure of Lessee to make any payment required by this Agreement when such failure continues for a period of ten (10) days after written notice that payment is due; or C. The failure of Lessee to observe or perform any of the covenants, conditions, or provisions of this Agreement, except for the default specified in Section 20(B) above, where such failure continues for a period of twenty (20) days after written notice of the noncompliance, provided, however, that if the nature of Lessee's default is such that more than twenty (20) days are reasonably required for its cure, then Lessee shall not be in default if Lessee commenced the cure within twenty (20) days after written notice and thereafter diligently pursues cure to completion. 21. Removal is Upon expiration of the Term of this Agreement, or earlier termination as provided 11 in Section 19, Lessee shall surrender possession of the Premises to Lessor in good condition and repair. Before surrendering possession, Lessee may, without expense to Lessor, remove from the Premises all signs, furnishings and personal • i property located on the Premises. If Lessee fails to remove any item of personal property, Lessor may deem such items to be abandoned and the sole property of Lessor, or remove and dispose of the items in which event the expense of removal and disposition shall be borne by Lessee and become immediately due and payable. 22. Indemnification To the fullest extent permitted by law, Lessee hereby agrees to defend, indemnify, and hold Lessor harmless from and against any and all liability, claims damages, suits, penalties, actions, demands, judgments, losses, or expenses of any kind or nature, including damage to any property and injury (including death) to any person (collectively, "Claims "), arising out of or resulting in any way, in whole or in part, from Lessee's use, maintenance, repair or occupation of the Premises, or any acts or omissions, intentional or negligent, of Lessee or its officers, agents or employees in the performance of their duties and obligations under this Agreement, except to the extent such claims are caused by the sole negligence or willful misconduct of Lessor, its officers, agents and employees. 23. Insurance Without limiting Lessee's indemnification of Lessor, Lessee shall obtain, provide • and maintain at its own expense during the Term of this Agreement, a policy or policies of liability insurance of the type and amounts described below and in a form satisfactory to Lessor. A. Certificates of Insurance. Lessee shall provide certificates of insurance with original endorsements to Lessor as evidence of the insurance coverage required herein. Insurance certificates must be approved by Lessor's Risk Manager prior to commencement of performance or issuance of any permit. Current certification of insurance shall be kept on file with Lessor at all times during the Term of this Agreement. B. Signature. A person authorized by the insurer to bind coverage on its behalf shall sign certification of all required policies. C. Acceptable Insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance in the State of California, with an assigned policyholders' Rating of A (or higher) and Financial Size Category Class VII (or larger) in accordance with the latest edition of Best's Key Rating Guide, unless otherwise approved by Lessor's Risk Manager. • 12 • D. Coverage Requirements. i. Workers' Compensation Coverage. Lessee shall maintain Workers' Compensation Insurance and Employer's Liability Insurance for its employees in accordance with the laws of the State of California. In addition, Lessee shall require each subcontractor to similarly maintain Workers' Compensation Insurance and Employer's Liability Insurance in accordance with the laws of the State of California for all of the subcontractor's employees. Any notice of cancellation or non - renewal of all Workers' Compensation policies must be received by Lessor at least thirty (30) calendar days (10 calendar days written notice of non- payment of premium) prior to such change. The insurer shall agree to waive all rights of subrogation against Lessor, its officers, agents, employees and volunteers for losses arising from work performed by Lessee for Lessor. ii. Liability Coverage. Lessee shall maintain commercial general liability insurance and Protection and Indemnity insurance each in an amount not less than Two Million Dollars ($2,000,000.00) per occurrence for bodily injury, personal injury, and property damage. If commercial general liability insurance or other form with a general • aggregate limit is used, either the general aggregate limit shall apply separately to the activities to be performed under this Agreement, or the general aggregate limit shall be at least twice the required occurrence limit. iii. Automobile Liability Coverage. Lessee shall maintain automobile insurance covering bodily injury and property damage for all activities of the Lessee arising out of or in connection with the services to be performed under this Agreement, including coverage for any owned, hired, non -owned or rented vehicles, in an amount not less than Two Million Dollars and 00 /100 Dollars ($2,000,000.00) combined single limit for each occurrence. iv. Eire and Extended Coverage. Lessee shall maintain fire and extended coverage insurance, together with insurance against vandalism, theft and malicious mischief, on the improvements and fixtures, alterations, trade fixtures, signs, equipment, personal property and inventory on or upon the Premises from loss or damage to the extent of their full replacement value. E. Endorsements. Each general liability insurance policy shall be endorsed • with the following specific language: 13 Lessor, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insureds with •? respect to liability arising out of work performed by or on behalf of Lessee. ii. This policy shall be considered primary. insurance as respects to Lessor, its elected or appointed officers, officials, employees, agents and volunteers as respects to all claims, losses, or liability arising directly or indirectly from Lessee's operations. Any insurance maintained by Lessor, including any self- insured retention Lessor may have, shall be considered excess insurance only and not contributory with the insurance provided hereunder. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company. iv. The insurer waives all rights of subrogation against Lessor, its elected or appointed officers, officials, employees, =agents and volunteers. V. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to Lessor, its elected or appointed officers, officials, employees, agents or volunteers. •j vi. The insurance provided by this policy shall not be suspended, voided, canceled, or reduced in coverage or in limits, by either party except after thirty (30) calendar days (10 calendar days written notice of non - payment of premium) written notice has been received by Lessor. F. Timely Notice of Claims. Lessee shall give Lessor prompt and timely notice of any claim made or suit instituted arising out of or resulting from Lessee's performance under this Agreement. G. Additional Requirements. All insurance shall be written on an occurrence -made form. A claims -made form of insurance is prohibited under this Agreement; and ii. In the event Lessor's Risk Manager determines that (i) the Lessee's activities in the Premises creates an increased or decreased risk of loss to the Lessor, (ii) greater insurance coverage is required due to the passage of time, or (iii) changes in the industry require different • j 14 coverages be obtained, Lessee agrees that the minimum limits of • any insurance policy required to be obtained by Lessee may be changed accordingly upon receipt of written notice from the Risk Manager,; provided that Lessee shall have the right to appeal a determination of increased coverage by the Risk Manager to the City Council within ten (10) days of receipt of notice from the Risk Manager. Not more frequently than once every year, Lessee may increase the insurance coverage as reasonably required by Lessor so that at all times, the amount of liability and Premises damage insurance coverage maintained by Lessee reasonably and fully protects Lessor. 24. Hazardous Substances A. From the date of execution of this Agreement and throughout the Term, Lessee shall not use, store, manufacture or maintain any Hazardous Substances on the Premises, except in the ordinary course of operating and maintaining its ferry boats, docks and landings in accordance with applicable law and regulations. B. For purposes of this Agreement, the term "Hazardous Substance" means: (i) any substance, product, waste or other material of any nature whatsoever which is or becomes listed, regulated, or addressed pursuant • to the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601 et seq. ( "CERCLA "); the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq.; the Resource Conversation and Recovery Act, 42 U.S.C. Section 6901 et seq. ( "RCRA "); the Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq.; the California Hazardous Waste Control Act, Health and Safety Code Section 25100 et seq.; the California Hazardous Substance Account Act, Health and Safety Code Sections 25330 et seq.; the California Safe Drinking Water and Toxic Enforcement Act, Health and Safety Code Sections 25249.5 et seq.; California Health and Safety Code Sections 25280 et seq. (Underground Storage of Hazardous Substances); the California Hazardous Waste Management Act, Health and Safety Code Sections 25170.1 et seq.; California Health and Safety Code Sections 25501 et seq. (Hazardous Materials Response Plans and Inventory); or the Porter - Cologne Water Quality Control Act, Water Code Sections 13000 et seq., all as they, from time -to -time may be amended, (the above -cited statutes are here collectively referred to as "the Hazardous Substances Laws ") or any other Federal, State or local statute, law, ordinance, resolution, code, rule, regulation, order or decree regulating, relating to, or imposing liability or standards of conduct concerning, any hazardous, toxic or dangerous waste, substance or material, as now or at any time hereafter in effect; (ii) • any substance, product, waste or other material of any nature whatsoever 15 which may give rise to liability under any of the above statutes or under any statutory or common law theory, including but not limited to negligence, trespass, intentional tort, nuisance, waste or strict liability or •3 under any reported decisions of a state or federal court; (iii) petroleum or crude oil; and (iv) asbestos. C. Notwithstanding any contrary provision of this Agreement, and in addition to the indemnification duties of Lessee set forth in Section 22 in this Agreement, Lessee agrees to indemnify, defend with counsel reasonably acceptable to Lessor, protect, and hold harmless Lessor, its officials, officers, employees, agents, and assigns from and against any and all losses, fines, penalties, claims, damages, judgments, or liabilities, including, but not limited to, any repair, cleanup, detoxification, or preparation and implementation of any remedial, response, closure or other plan of any kind or nature which the Lessor, its officials, officers, employees, agents, or assigns may sustain or incur or which may be imposed upon them in connection with the use of the Premises provided under this Agreement, arising from or attributable to the storage or deposit of Hazardous Substances. This Section is intended to operate as an agreement pursuant to: Section 107(e) of CERCLA, 42 USC Section 9607(e), and California Health and Safety Code Section 25364, to insure, protect, hold harmless, and indemnify Lessor for any claim pursuant to the Hazardous Substance Laws or the common law. D. Lessor agrees that Lessor will not, and will not authorize any third party to •) use, generate, store, or dispose of any Hazardous Substances on, under, about or within the Premises in violation of any law or regulation. Lessor and Lessee each agree to defend, indemnify and hold harmless the other and the other's partners, affiliates, agents and employees against any and all losses, liabilities, claims and /or costs (including reasonable attorneys' fees and costs) arising from any breach of any representation, warranty or agreement contained in this Section. This Section shall survive the termination of this Agreement. Upon expiration or earlier termination of this Agreement, Lessee shall surrender and vacate the Premises and deliver possession thereof to Lessor on or before the termination date free of any Hazardous Substances released into the environment at, on or under the Premises that are directly attributable to Lessee. 25. Compliance with Laws Lessee, at its sole cost, shall observe, perform, and comply with all laws, statutes, ordinances, rules, and regulations promulgated by any governmental agency, including all applicable zoning ordinances, building codes and environmental laws. Lessee shall not occupy or use the Premises, or permit any portion of the Premises to be occupied or used for any use or purpose that is unlawful in part or in whole, or deemed by Lessor to be disreputable in any 16 • manner or extra hazardous in any way. 26. Not Agent of Lessor Neither anything in this Agreement nor any acts of Lessee shall authorize Lessee or any of its employees, agents or contractors to act as agent, contractor, joint venturer or employee of Lessor for any purpose. 27. No Third Partv- Beneficiaries Lessor and Lessee do not intend, by any provision of this Agreement, to create in any third party, any benefit or right owed by one party, under the terms and conditions of this Agreement, to the other party. 28. Notices All notices and other communications required or permitted to be given under this Agreement, including any notice of change of address, shall be in writing and given by personal delivery, or deposited with the United States Postal Service, postage prepaid, addressed to the parties intended to be notified. Notice shall be deemed given as of the date of personal delivery, or if mailed, upon the date of deposit with the United States Postal Service. Notice shall be given as follows: • To Lessor: Administrative Services Department Revenue Division Attention: Income Contract Administrator City of Newport Beach PO Box 1768 3300 Newport Boulevard Newport Beach, CA, 92658 949 - 644 -3153 To Lessee: Mr. Seymour Beek Balboa Island Ferry, Inc. 410 South Bay Front Newport Beach, CA 92662 949- 673 -1070 29. Entire Agreement/Amendments A. The terms and conditions of this Agreement, all exhibits attached hereto, and all documents expressly incorporated by reference, represent the entire Agreement of the parties with respect to the subject matter of this Agreement. • B. This written Agreement shall supersede any and all prior agreements, oral 17 30. 31 32. 33. or written, regarding the subject matter between Lessee and Lessor. C. No other agreement, promise or statement, written or oral, relating to the �f subject matter of this Agreement, shall be valid or binding, except by way of a written amendment to this Agreement. D. The terms and conditions of this Agreement shall not be altered or modified except by a written amendment to this Agreement signed by Lessee and Lessor. E. If any conflicts arise between the terms and conditions of this Agreement, and the terms and conditions of the attached exhibits or the documents expressly incorporated by reference, the terms and conditions of this Agreement shall control. F. Any obligation of the parties relating to monies owed, as well as those provisions relating to limitations on liability and actions, shall survive termination or expiration of this Agreement. Waivers The waiver by either party of any breach or violation of any term, covenant or condition of this Agreement, or of any ordinance, law or regulation, shall not be deemed to be a waiver of any other term, covenant, condition, ordinance, law or regulation, or of any subsequent breach or violation of the same or other term, • ) covenant, condition, ordinance, law or regulation. The subsequent acceptance by either party of any fee, performance, or other consideration which may become due or owing under this Agreement, shall not be deemed to be a waiver of any preceding breach or violation by the other party of any term, condition, covenant of this Agreement or any applicable law, ordinance or regulation. Costs and Attorneys' Fees The prevailing party in any action brought to enforce the terms and conditions of this Agreement, or arising out of the performance of this Agreement, shall not be entitled to recover its attorneys' fees. City Business License Lessee shall obtain and maintain during the duration of this Agreement, a City business license as required by the Newport Beach Municipal Code. Applicable Law This Agreement shall be construed in accordance with the laws of the State of California in effect at the time of the execution of this Agreement. Any action 18 brought relating to this Agreement shall be adjudicated in a court of competent • jurisdiction in the County of Orange. 34. Interpretation The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of the Agreement or any other rule of construction which might otherwise apply. 35. Time is of the Essence Time is of the essence for this Agreement. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in duplicate on the date and year first written herein. City of Newport Beach A Municipal Corporation Balboa Island Ferry, a California corporation • Steve Rosansky, Mayor By: ATTEST: City Clerk APPROVED AS TO FORM: Aaron C. Harp, Assistant City Attorney • 19 Name: B1 Name: EXHIBIT "A" i PREMISES 20 - ' iQ 5 R us v {5 d � � Y { i �NI tis s r t t $a Y, yl I d ti' 1 h 7 k � 5 R us v {5 d � � Y { f P Ile, } � 5 R us v t {h f P Ile, } � � 3 ;z a o s •y ry i pi��� yn r s <` Y i n� � � 3 ;z a o s •y ry i pi��� d 4 ii � f j aM r � � sY ! � s A kf* 3 � ,{Sq �� f I`I T ,V P )i . `ii Ri l T y T i d A f} S �it'-� J t f f E 2 rtti� sir w,� r ^zero- d€ �> � � � .'n cf'�Y Balboa Island Ferry OPTION 1 (ROSANSKY) 3. Rent Payments A. (i) Base Rent. Base Rent shall be established at Seventy Thousand and no /100 Dollars ($70,000.00) per year, and shall be adjusted annually (by CPI). Base Rent Adjustment. (SAME) total rent paid (the higher of percentage rent or base rent whichever is applicable) for each of the previous three years and dividinq by three. The resultant amount shall be the new Base Rent for the remainder of the Lease Term as adiusted by the CPI per Subdivision (ii). However, in the event that the amount of Base Rent derived from this calculation is less than the initial Base Rent as adjusted by Subdivision (ii) the initial Base Rent as adiusted by Subdivision 00 shall be the Base Rent for the remainder of the Lease Term, adjusted by Subdivision (ii). OPTION 2 (HENN) 3. Rent Payments A. Base Rent. Base Rent shall be established at Seventy -Five Thousand and no /100 Dollars ($75,000.00) per year, and shall be adjusted annually (by CPI). Base Rent Adjustment. (SAME)