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OCII authorizes MOU with Port of San Francisco to transfer South Beach leases pending state approvals
Summary
The commission authorized the executive director to enter a memorandum of agreement for termination of certain ground leases and for the Port of San Francisco to assume maintenance and operations of South Beach Harbor and Rincon Park, subject to Oversight Board, Department of Finance and State Lands Commission approvals; the port has indicated tenants and harbor employees have been consulted.
The Commission authorized the executive director on March 3 to enter a memorandum of agreement with the Port of San Francisco to terminate ground leases in the former Rincon Point–South Beach redevelopment area and to have the port assume maintenance and operations of South Beach Harbor, Rincon…
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