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HomeMy WebLinkAbout01 - Mooring Permits, Rent & Other Provisions - PowerPoint (Staff)June 16, 2015 Item No. 1 Moorings Harbor Commission Recommendations City Council Special Meeting June 16, 2015 History • 197O's — $2.00 /yr /ft — Later set by CPI at $6.00 /ft /yr • 199O's — Rent for Annual Permit (Reso. 95 -77) • $20 /ft /yr Offshore • $10 /ft /yr Onshore Changes Adopted in 2010 Mid 1990's $20.00 /ft /yr • 2006 Appraisal — 2015 CPI Proposal is based on 2006 data rejecting recommendation and suggesting reduced rate — Current rates based on 2006 data and interpreting findings using the market index instead Changes Adopted in 2010 (cont'd) • 2010 Rent for Annual Permit (Reso. 2010 -132) • 14% of seven mid -range marina rates • Onshore is charged 50% of rate Offshore $26.52 $30.71 $38.73 $47.64 $55.43 40' Example $1,060.80 $1,228.40 $1,549.20 $1,905.60 $2,217.20 $15,400 Onshore $13.26 $15.35 $19.37 $23.82 $27.21 18' Example $238.68 $276.30 $348.66 $428.76 $489.78 Mooring Permit Rent Requirements NBMC 17.60.020(E). Tidelands Users. Users of public tidelands, including commercial and noncommercial users, shall be subject to rental or lease charges reflective of the fair market value related to such use as established by the City Council with the assistance of an appraisal. NBMC 17.60.060 Public Trust Lands. The following restrictions shall apply to public trust lands under either a permit or a lease: 17.60.060(D)- Revenue. Rent under this section shall be based upon fair market value, as determined by the City Council. Such determination shall be based, in part, upon the findings of a City - selected appraiser. Rent Requirements (cont'd) • Options — Rely on 2006 Appraisal incorporating suggestions or changes — Update 2006 Appraisal (3 weeks) — New appraisal Changes Adopted in 2010 (contd) • Transferability • No private transactions after 2020 • Moorings transferred in open market capped at 2 transfers • Transfer charge= 50% of the Annual Permit Rent — 2015 Transfer charge for offshore= $1,100 • Unlimited and free transfers within trust and /or immediate family Process • January 2015- Harbor Commission tasked by City Council to review moorings • Public meetings -2/23/15 -3/9/15 -3/26/15 -4/7/15 Harbor Commission Recommendations 1. Rent based on CPI starting at $25 /ft Rates & Annual Marina Rents Offshore $25.00 40' Example $1,000.00 Onshore $12.50 18' Example Current Practice $225.00 Offshore $55.43 40' Example $2,217.20 Onshore $27.21 18' Example $489.78 2015 40' Slip $15,400 Current & P Revenues On Shore $27.71 $167,368.40 Off Shore $55.43 $1,778,831.85 On Shore $12.50 Off Shore $25.00 $75,500.00 $802,287.50 Loss of Revenue CPI Option = 6.5% of 2015 Mid Market Slip Rates in Newport Harbor CNB Currently Charging 14% of Mid Market Slip Rates in Newport Harbor $91,868.40 $976,544.35 $1,068,412.75 Ll Ll Recommendations (cont'd) Fiscal Impacts to Revenue Adjustments Approximately $2.81VI in projects and contract management with anticipated mooring revenues of $800,000 (CPI -based proposal). Balboa Island Sea Walls $650,000 Central Avenue Public Pier $441,000 Grand Canal Dredging $500,000 Harbor Piers & Gangway Maint. $551,600 Harbor Tide Guage $50,000 Lower Castaways Park $200,000 RGP 54 $75,000 Mooring Management ( "not capital) $315,000 Total $2,782,600 Recommendations (cont'd) 2. Mooring Transfers Allow transfers between private parties. Unlimited lifetime transfers capped at one transfer per year. 3. Transfer Fee 100% of Annual Mooring Rent 40' Mooring Transfer Fee= $1,000 4. Single Name / Permittee per Mooring Maintain current rule requiring one person per mooring permit. 5. Centralized Posting To provide transparency all transfer listings must be advertised on City- hosted web page. Recommendations (cont'd) 6. Transfer Fee Between Family or Trust Unlimited and free transfers within family or trust. Current practice. 7. Maximum Mooring Permits Allowed Two moorings maximum unless currently holding more. 8. Short and Long Term Mooring Sub - Rentals City rents to third parties and collects revenue. Revenue is used for harbor amenities and projects. 9. Rental fee for Short & Long Term Sub - Rentals (visitors or 3rd party) Not a significant issue at this time. Recommendations (cont'd) 10. Billing Frequency Staff will explore developing more frequent billing options 11. Wait List Abolish the waitlist. 12. Mooring Revocation If a mooring is revoked for non - payment or other reason, the mooring reverts to City. The mooring may be made available for public auction. 13. Proof of Insurance Current practice. Improve implementation. Next Steps • Council to provide recommendations and suggestions to the current Mooring Permit policy and fee structure • Provide direction to staff to return at a future City Council meeting with changes to policy to be enacted by resolution(s) Shannon Levin Management Analyst shannon@newportbeachca.gov Chris Miller Harbor Manager cmiller @newportbeachca.gov 949 - 644 -3041 949 - 644 -3043