Extend Auto Warehousing Company lease at Terminal 3 for 5 more years
In Plain English
Auto Warehousing Company currently rents space at Terminal 3 from the Port of Richmond. The lease was set to expire soon. If approved, the company continues renting the same space through December 2018 and pays at least $42,000 per year to the port.
Auto-generated summary. Source: official agenda documents.
Votes
Approve the amendment
5 to 1
Why This Vote Matters
The council approved extending Auto Warehousing Company's lease at Terminal 3 through December 2018, with the company paying at least $42,000 annually to the port. The vote passed with broad support, 5-1, with only Councilmember McLaughlin opposed and Mayor Butt recusing himself. This allows the company to continue operating in the same port space it currently rents, preventing a gap in the lease that was set to expire soon. The extension provides steady rental income for the port while giving the business certainty about its location.
Auto-generated context. Source: official meeting records.
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