RESO P-2386_Joint Reso with City Contribution to Fund Inftrastructure Improvements at Marina re Livaboards

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RESOLUTION NO. P-2386 A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AND THE BOARD OF PORT COMMISSIONERS OF THE PORT OF REDWOOD CITY FOR A CONTRIBUTION BY THE CITY OF REDWOOD CITY TO THE PORT OF REDWOOD CITY TO FUND INFRASTRUCTURE IMPROVEMENTS AT THE REDWOOD CITY MUNICIPAL MARINA FOR LIVEABOARD PURPOSES WHEREAS, by Ordinance No. 1730 of the City of Redwood City ("City"), adopted November 29, 1977, the City Council of the City transferred to and conferred upon the Board of Port Commissioners of the City of Redwood City control and jurisdiction over certain City -owned real property situated in the City of Redwood City, generally known as the Redwood City Municipal Marina (the "Municipal Marina"; and WHEREAS, City desires to complete the implementation of the Docktown Plan and to share costs with the Port of Redwood City ("Port") for capital improvements to the Municipal Marina to support liveaboards; and WHEREAS, the Port requires certain improvements to its facilities and infrastructure, including repairs and upgrades to the "C" dock and the restroom and laundry facilities of the Municipal Marina, generally described in Exhibit A, attached hereto and incorporated by this reference, in order to support liveaboards residing at the Municipal Marina ("the Liveaboard Improvements"); and WHEREAS, the Liveaboard Improvements are expected to cost the Port approximately Eight Hundred Thousand Dollars ($800,000); and WHEREAS, the City has agreed to contribute Fifty Percent (50%) of the total costs for the Liveaboard Improvements, in the amount of Four Hundred Thousand Dollars ($400,000); and WHEREAS, the Port makes an annual subvention payment to the City each year; and WHEREAS, for Fiscal Year 2017-2018, the Port's annual subvention payment to the City is estimated to be Five Hundred Fourteen Thousand Dollars ($514,000); and WHEREAS, the Port will receive a credit of Four Hundred Thousand Dollars ($400,000) against its Fiscal Year 2017-2018 subvention payment as the City's contribution to the Port's total costs for the Liveaboard Improvements. Joint City/Port Resolution Joint City RESO NO. 15697 FXS Adopted 08/27/18 Page 1 of 4