HomeMy WebLinkAboutItem 1 - NMA PPT NMA Recommendations :
Newport Harbor Mooring Fees
and Transferability
April 7 , 2015
Presented to the Harbor Commission
4 Major Recommendations
• Set annual permit fee at $25 per foot
- Based on 3 methods: CPI, Comparable & 2013 Tidelands appraisal
- Set initiation of new rate retroactively
- Eliminate Marina Index
• Preserve market driven process
- Allow mooring permit transfers
- Limit 1 transfer per year
- 2 permits per holder with some exceptions
- Eliminate mooring wait list
• Set permit transfer fee at 50% of annual fee
• Allocation of City rentals of vacant moorings
- Contribute to Tidelands fund with 50% earmarked for mooring
amenities
2
Other Recommendations
• Establish a uniform Billing Process
— Same payment frequency for all permittees
• Create a committee to establish mooring
amenities
— Dinghy storage racks, showers, wash-down areas, etc.
• Establish a web based site managed by the City
for mooring listings
— Manageable
— Enforceable
3
3 Measures for Annual Fees
Tidelands Valuation
($21 - $25)
i
j
Consumer Price Comparable Mooring
Index San Diego
($21 - $25) ($25)
4
Permit Transfers
• A market driven process serves the boating public better
than a wait list
• Mooring Transfers are not illegal . . . but value must be
given back to the public
5
Public Benefit
Mooring Permittees give back to the public in several ways:
— Annual fees paid into the Tidelands Fund are the
highest of any user group
— Vacant moorings are used by visiting boaters and
the fees paid go to the Tidelands fund
— Permittees maintain the mooring tackle to ensure the
harbor is a safe haven and safe for navigation for all
— Yacht clubs sponsor races & regattas, education ,
youth programs and community fund raising
activities 6
IMPACT
Moorings Fees 25% increase over 2010 vs. 177%
Policies for moorings more in line with Tidelands Trust
Permit Rental Rental
Permit Income To Annual
Transfer Limitations Income
Allowed Transfer Fee Allowed Tidelands Fee Adj.
Fund
Speculation
limited by $80,000 per
Moorings YES $500 transparency, No Year with 50% TBD
(assume 40') 50% annual fee for mooring
frequency &
amenities
number
Residential
YES $285 N/A YES None NO
Docks
YES, may be
Yacht Clubs & reassigned
Lido Isle c.a.
by Clubs & N/A N/A YES None TBD
Lido Is. c.a.
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Tidelands Funds
2015 estimated contributions based on recommended fees
Annual Fees Rental Income Total
for Fund Contributions
Moorings $ 7571238 $ 80,000 $ 837,238
Yacht Clubs &
Lido Isle c.a. $ 1291425 $ - $ 129,425
Commercial
(actual 2011) $ 5661000 $ - $ 566,000
Residential
Docks (est. 1220
982 sq. ft) $ 589,200 $ - $ 589,200
s
Decision Parameters
• FAIR outcome for all Tidelands users
• Based on the relevant facts & market
information
• Consistent with Tidelands Grant
requirements
• Capable of providing sufficient funds to
maintain and protect the Tidelands
environment
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