Memo from City Manager to City Council Regarding ... Authorizing the City Manager to Negotiate and Execute Documents Necessary to Implement the Terms of a Lease with Bay Ship and Yacht for Sixty Months in Bldg. 292 at 1450 Ferry Pt, December 2, 2014



Bay Ship & Yacht Company (Bay Ship) is a full service ship repair company headquartered along the estuary in Alameda. Bay Ship has captured a significant share of the San Francisco Bay commercial dry-docking business, with the Alameda shipyard emerging as a state-of-the-art facility. Bay Ship completed a $10 million expansion project, which included reconstructing the shoreline, removing buildings, and locating a "ship elevator," known as a syncrolift, facing the estuary that can be used to lift and transfer up to five large ferry vessels at a time to a new shoreline vessel repair area. Bay Ship currently employs more than 250 skilled workers in Alameda. In addition to their facilities on the estuary, Bay Ship is proposing to lease Building 292 at Alameda Point, which will provide them with additional space to continue and expand their services.

The 1450 Ferry Point address, also identified as Building 292, is approximately two thousand seven hundred (2,700) square feet. The proposed lease with Bay Ship is for sixty months. As outlined in the lease, the sole purpose for which the premises may be used by the tenant is for general office, shop and storage of parts and equipment.