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Harbor Commission backs lease and license assignments after proposed sale of Santa Barbara Fuel Dock
Summary
The Santa Barbara Harbor Commission on Aug. 21 reviewed and recommended the city council approve the transfer of ownership and related lease and license agreements for Santa Barbara Fuel Dock Inc., following notice of a pending sale by the company’s previous owner.
The Santa Barbara Harbor Commission on Aug. 21 reviewed and recommended the city council approve the transfer of ownership and related lease and license agreements for Santa Barbara Fuel Dock Inc., following notice of a pending sale by the company’s previous owner.
Waterfront Business Manager Cesar Barrios told the commission that JB Dewar Inc., a family fuel and automotive‑products company based in San Luis Obispo, would hold 95% of the ownership shares if the transfer is approved; a second individual would retain a 5% interest. Barrios said the proposed change triggers a required formal lease assignment because it exceeds the 25% ownership change threshold in the existing agreements.
The item covered three distinct documents:…
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