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Title:
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Ordinance: Approve and Authorize the Executive Director to Execute a Second Amended and Restated Non-Exclusive Preferential Assignment Agreement with Eagle Rock Aggregates, Inc., for a Bulk Marine Terminal of Approximately 18 Acres of Land and 3 Acres of Water at Berths 20-22, which (a) Extends Each of the Initial and Maximum Terms by Two Years to a Maximum of 29 Years; (b) Results in Present Value Fixed Revenue of Approximately $37.2 Million and Total Revenue of Approximately $54.6 Million During the Initial Term; and (c) Compared to the Current Agreement, Results in (i) Present Value Revenue Loss of $7.7 Million During the Initial Term Compared to the Current Agreement, and (ii) Additional Capital Expenditure of $2.6 Million to Implement Certain Improvements During the Initial Term; and Find That the Proposed Action Complies with the California Environmental Quality Act as Analyzed in the Final Supplemental Environmental Impact Report to the 2002 Oakland Army Base Area Redevelopment ...
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