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Port Commission approves consolidated five‑lot parking lease with LBE participation floor
Summary
The Port Commission authorized competitive bids for a consolidated five‑year lease covering five Seawall parking lots, adopted minimum bid and percentage‑rent rules and added locally‑based business (LBE) participation requirements; commissioners pressed staff to define LBE roles and financial qualifications before the bid is issued.
The Port Commission voted to authorize competitive sealed bids for a consolidated five‑year lease covering Seawall lots 301, 314, 321, 322‑1 and 323/324 in the Northern Waterfront, approving staff’s proposed minimums and a local business enterprise (LBE) participation requirement.
Jay Edwards, the port’s senior property manager, told commissioners the consolidated bid is intended to improve service, staffing flexibility and revenue for the port. “A total of $363,000 is what we’re recommending as a minimum bid,” Edwards said, describing the structure as the greater of a monthly minimum rent or 66 percent of gross sales after…
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