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2 <br />payments for tenants desiring to sell their property to the City. The Plan includes <br />additional financial aid for people with special needs, including seniors, veterans, and <br />low-income individuals. In addition, the Plan offers advisory assistance to help tenants <br />find a new marina slip for their watercraft or a new land-based residence. <br />Under the Docktown Plan, tenants who own their boat or barge-based dwelling may <br />move their property to a new marina, sell their property to a private buyer, or sell their <br />property to the City. For those who choose to sell their property to the City, the Plan <br />established a process for the acquisition value to be established by a qualified <br />appraiser. Based on feedback received on the draft Docktown Plan, the final Docktown <br />Plan also allowed tenants to seek an independent appraisal of their property value. In <br />such situations, a third appraiser considered both appraisals and determined the final <br />value for a City offer of acquisition. <br />This report provides an update on the implementation status of the Docktown Plan and <br />recommends an amendment to the agreement with OPC as well as a process for <br />handling property sold to the City. Additionally, the report updates anticipated costs and <br />recommends modifications to the approved funding policy for costs associated with <br />implementing the Docktown Plan. <br />ANALYSIS <br />Status of Relocation <br />The City has contracted with relocation experts Overland, Pacific and Cutler to meet <br />with each tenant and sub-tenant1, explain benefits provided under the Docktown Plan, <br />help them apply for relocation benefits and sell their property to the City if desired by the <br />tenant. At this time, 27 of the 70 tenants and sub-tenants at Docktown Marina have <br />relocated, and another 31 tenants and sub-tenants have agreed to relocate by February <br />28, 2018 (or June 30, 2018 for families with school-age children). In some cases, <br />tenants and sub-tenants have signed relocation agreements but are still in the process <br />of providing necessary documentation. The City is continuing to encourage individuals <br />living at Docktown to complete relocation agreements. <br />The table below provides a summary on the relocation status for tenants and sub- <br />tenants at Docktown Marina as of December 6, 2017. <br /> <br /> <br /> <br /> <br />1 The Docktown Plan defines Tenant and Sub-tenant as follows: "Tenant" means an Owner having a <br />written Lease with the City of Redwood City to live aboard the Tenant’s Dwelling at a berth (or berths) at <br />Docktown. "Sub-tenant" means a person or household who holds a valid Subtenant Agreement. <br />6.1.B. - Page 2