Newport Beach closes out contract for Marina Park
What Happened: Marina Park was officially christened in December 2015. The Newport Beach City Council formally declared the project complete two months later after unanimously voting to close out the park’s accounting and contractual obligations on Feb. 9.
The close-out occurred one year after the City Council awarded Bellingham Marine Industries a $2,937,661 contract (plus 10 percent contingency) to build the docks at Marina Park.
City staff stated the final cost of completion of the contract was $2,926,852; the total project cost $36,538,666 to build, almost $3 million shy of the projected $39,500,000 budget.
Marina Park is located on the bayside of Balboa Peninsula and features 23 visitor slips, sailing center, and a nautically themed playground.
What’s On Tap: Newport Beach’s City Clerk will file a Notice of Completion, indicating all work on the project has formally been completed. The City Clerk will also release the Labor and Materials Bond 65 days after the Notice of Completion has been recorded.
Port of San Diego accepts $6.1M grant for Shelter Island Boat Launch Facility
What Happened: The Port of San Diego Board of Port Commissioners accepted a $6.1 million grant from Cal Boating as part of a consent calendar vote on Feb. 9. The grant funding will help pay for improvements at Shelter Island Boat Launch Facility.
Commissioners previously voted to upgrade the free public boat launch ramp on Shelter Island after determining the venue was in need of renovation due to heavy use, corrosive seawater, wear and tear, increased congestion, and limited boat access during high tide.
The port was also awarded a $3,350,000 grant from the California Wildlife Conservation Board for the renovation project.
Boaters have enjoyed a launch ramp on Shelter Island since 1956; the venue was renovated in 1975.
What’s On Tap: Construction is scheduled to begin in early 2017 and be completed within 10 months. The estimated budget for the launch ramp upgrade is $9,450,000.
Los Angeles County consents to lease assignment for Marina del Rey Hotel
What Happened: The Los Angeles County Board of Supervisors unanimously approved a staff recommendation to consent to an assignment of lease for the Marina del Rey Hotel, which is located at the end of Bali Way and surrounded by boat slips on three sides. The lease assignment applies to the 154-room hotel and marina leaseholds at Parcels 42 and 43. IWF MDRH, LLC, requires the lease assignment to complete a refinancing. Parcels 42 and 43 were originally attached to the same lease as the hotel. Supervisors approved a lease bifurcation to allow IWF MDRH LLC to manage the hotel and another operator oversees the marina and anchorage.
What’s On Tap: IWF MDRH will complete its refinancing request; the marina slips are unaffected by the Supervisors’ action.