TITLE
Recommendation to authorize City Manager to execute a permit with Integrity Ventures Group, Inc., dba Pacific Sailing and Catalina Charters, for the use of docks, slips, and end ties for the operation of a sailboat charter service, a sailing and boating club, and the sale and brokering of marine vessels in Rainbow Marina for a five-year term, with two, one-year renewal options at the discretion of the City Manager or his designee. (District 2)
DISCUSSION
On March 16, 2010, the City Council authorized a permit with Pacific Sailing, LLC (Pacific Sailing), for the use of docks, slips, and end ties for the operation of a sailboat charter service and a sailing and boating club in Rainbow Marina. In 2011, Pacific Sailing began experiencing financial difficulties and the City of Long Beach (City) ultimately cancelled their permit on June 30, 2012. Subsequently, Integrity Ventures Group, Inc., acquired Pacific Sailing and is requesting a permit to operate a sailing and boating club and a sailboat charter business under the name Pacific Sailing and Catalina Charters.
The proposed permit contains the following major provisions:
· Premises: Commercial dock space in Rainbow Marina, as assigned by the Marine Bureau (Attachment).
· Authorized Use: Operation of a sailboat charter service, a sailing and boating club, and the sale and brokering of marine vessels.
· Term: August 1, 2012 through July 31, 2017.
· Renewal Options: Two, one-year renewal options at the discretion of the City Manager or his designee.
· Permit Fee: Pacific Sailing and Catalina Charters shall pay the City seven percent of annual gross receipts for the initial five-year term, and eight percent of annual gross receipts if the one-year renewal options are executed, or an annual minimum amount of $5,000, whichever is greater.
Pacific Sailing and Catalina Charters shall pay the City five percent of any commissions for brokerage sales made at or from the premises, plus five percent ...
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