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Sixth Amendment to Lease HD-1909 Tesoro Refining & Marketing Company, LLC

Active
State & Local

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The sixth amendment to Lease HD-1909 between the City of Long Beach (Port of Long Beach) and Tesoro Refining and Marketing Company, LLC, extends the lease term for approximately 4.08 acres of land located at 1155 and 1241 Pier G Avenue through October 31, 2034. The premises are utilized for the dry bulk storage and shipping of petroleum coke and other dry bulk commodities. This amendment establishes the base rent for the period retroactive from January 1, 2025, through December 31, 2029, and maintains the Guaranteed Minimum Annual Throughout (GMAT) at 600,000 metric tons for that same timeframe. The project is designated as a Categorical Exemption under CEQA Section 15301 for existing facilities, meaning no further environmental review is required for the continued use of the site. Administrative oversight is managed by Eamonn Killeen, Director of Real Estate, and Allyson Teramoto. The tenant remains obligated to comply with all applicable laws, regulations, and environmental covenants specified in the original lease agreement.

General Info

City of Long Beach extends Tesoro's land lease for bulk storage through October 2034.

Agency

California → Long Beach, Port of

NAICS

531190 - Lessors of Other Real Estate Property

Place of Performance

Long Beach, CA

Set-Aside

NONE

Documents

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Organization & Contact Information

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AgencyCalifornia → Long Beach, Port of
Contacts2 people available
OfficeN/A
Organization / Agency
California → Long Beach, Port of
Office AddressN/A
Contacts
Eamonn KilleenDirector of Real Estate
contact@example.gov
+1 (555) 000-0000
Allyson TeramotoManager
contact@example.gov
+1 (555) 000-0000

Full Description

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The sixth amendment to Lease HD-1907 between the City of Long Beach (Port of Long Beach) and Tesoro Refining and Marketing Company, LLC (Tenant, Tesoro) for Tenant’s use of approximately 4.08 acres of land located at 1155 and 1241 Pier G Avenue in the Port of Long Beach for dry bulk storage and shipping of petroleum coke and/or other dry bulk commodities (extends the term of Lease HD-1907 five years through October 31, 2034; establishes the base rent for the period retroactive to January 1, 2025 through December 31, 2029; and states that the Guaranteed Minimum Annual Throughout (GMAT) of bulk commodities shipped from the leased premises will remain unchanged from the current GMAT of 600,000 metric tons for the period commencing January 1, 2025 and ending December 31, 2029.

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