AMENDMENT TO CONCESSION AGREEMENT
THIS AMENDMENT is made and entered into this 15th day of June, 2026, by and between the CITY OF FOSTER CITY, hereinafter called "CITY," and EDGEWATER MARINE LLC, hereinafter called "CONCESSIONAIRE."
The CITY and CONCESSIONAIRE entered into a Concession Agreement dated January 1, 2021, for the provision of boat rental services within the City of Foster City, with a term through June 30, 2026, with optional extensions through June 30, 2030.
The CITY and CONCESSIONAIRE agree to extend the term of the January 1, 2021 Concession Agreement by three (3) months through September 30, 2026. This extension will allow for the continued operation of boat rental services during the peak summer and fall recreation seasons while providing the CITY additional time to evaluate future concession opportunities and determine the most appropriate long-term operating strategy for lagoon-based recreation services.
Except as expressly amended herein, all other terms and conditions of the Concession Agreement shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this AMENDMENT to be executed on the date first above written by their respective officers duly authorized in that behalf.
CITY OF FOSTER CITY
BY:
ART KIESEL, Mayor
Dated:
ATTEST:
PRISCILLA SCHAUS, City Clerk
EDGEWATER MARINE, LLC
BY:
Michael Terner, Owner
APPROVED AS TO FORM
BY:
BENJAMIN STOCK,
City Attorney