Request to Exercise Lease Extension; Leased Parcel off of 1900 Stenmark Drive, Port ofRichmond, Terminal 4 Facility 05/20/2022
This letter will serve as notice that Point San Pablo Inc. chooses to exercise a One Year LeaseExtension Option on the Port of Richmond Terminal 4 parcel currently under Lease to Point SanPablo Inc..One Year Lease Option on this parcel to extend 12 month from June 1, 2022. to May 30,2023.
Thank You,
Daryl Henline, Secretary, PSP Inc.HarbormasterPoint San Pablo [email protected] mobile510-233-3224 office Point San Pablo Harbor ∙ 1900 Stenmark Drive, Richmond, CA 94801 ∙ 510-233-3224 ∙ [email protected]
1322 Canal Blvd, Richmond, CA 94804
Telephone: (510) 215-4600 Fax: (510) 233-3105 www.ci.richmond.ca.us
PORT OF RICHMOND
May 31, 2022
Daryl Henline via Email (.pdf) Point San Pablo Harbor
1900 Stenmark Drive
Richmond, CA 94801
Re: Lease between Point San Pablo Harbor and Surplus Property Authority of the City of Richmond / Tenant’s First Extension Election Notice
Dear Daryl,
Thank you for your letter dated May 20th, 2022, indicating that Point San Pablo Harbor wishes to extend the lease term for an additional one-year period in accordance with Section 2.01 (b) of the lease.
This letter serves as confirmation of the lease extension. As discussed, both parties mutually agree to extend the lease term beginning June 1, 2022. The new lease expiration date is May 31, 2023. Please also note that the new base rent will be $735 per month representing a five percent (5%) annual increase as referenced in paragraph
2.01 (c) of the lease agreement.
As a reminder, Point San Pablo Harbor is required to maintain a current City of Richmond business license and insurance during the extended term of the lease. If you have any questions, please contact Lilia Corral at (510) 620-6787.
Sincerely,
Lizeht Zepeda
Senior Business Assistance Officer
Cc: Lucy Zhou, Port Marketing and Operations Manager
Shasa Curl, City Manager
Antonio Banuelos, Revenue Manager