Lease Agreement to Nielsen Beaumont Marine, Inc. at Shelter Island

The proposed project is a lease agreement (Lease) between the San Diego Unified Port District and Nielsen Beaumont Marine, Inc. (Lessee) for their use of approximately 20,255 square feet (sqft) of land area and approximately 8,758 sqft of water area, inclusive of all surface and subsurface areas, in the city of San Diego, California. The areas for use under this Lease are proposed to be used only and exclusively for the purpose of the sale, service, rental, leasing, demonstration, and related use of marine equipment and vessels, including without limitation kayaks, paddleboards, personal watercraft, dinghies, boats, and similar vessels and equipment, and office space for maritime-related purposes, and mooring for boats, yachts, yacht brokerage, and charter vessels limited to the four (4) slips located on the water area only and all uses which are normally and customarily ancillary or incidental to any or all of the foregoing. No new development, construction, or increase in the size of the property is proposed or authorized as part of the proposed Lease, and the Lessee would be required to submit a separate application for the additional review and approval of any new use, development, and/or construction. It is anticipated the Lease would have a total term of approximately five (5) years. The Lease may be terminated by the District or Lessee as a matter of right and without cause at any time upon providing thirty (30) days’ notice in writing to the other party of such termination.