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Commission approves lease amendment allowing Dawson Clinton to complete tenant improvements without port bonding
Summary
Port staff presented and the commission approved a first amendment to a lease with Dawson Clinton General Contractors to change the commencement date and remove bonding/guarantee requirements, subject to safeguards including permits, builder's risk insurance, and lien releases.
Port staff requested and the commission approved a first amendment to a lease involving Dawson Clinton General Contractors to change the lease commencement date and eliminate the previously required bonding and tenant guarantee requirements for initial tenant improvements.
Elsa Lam, property manager, said Dawson Clinton currently occupies space at Pier 50 (approximately 1,600…
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