Transfer Marina lease to Safe Harbor Marinas for remaining 33 years

Richmond MarinaContracts

In Plain English

Richmond Bay Marina currently operates the city's 850-slip marina under a lease that runs until 2055. The current operator wants to sell its lease rights to Safe Harbor Marinas, a company that runs 3 other Northern California marinas. If approved, the city receives $480,000 in property transfer tax and keeps free access to the boat launch and 6 boat slips for police and fire operations.

Auto-generated summary. Source: official agenda documents.