Friday’s Port of Tacoma meeting is headlined by the second reading of a request to enter into a new 20-year lease with Trident Seafoods.
The Port’s Pier Side newsletter highlights the lease consideration, which covers Piers 24 and 25, as well as the surrounding yard area. The previous lease began in 1995 and terminated April of last year, with Trident continuing to occupy the space on a month to month basis.
The current lease rate, according to a memo on the Port’s website, is $86,250 a month. The new lease, which would be for 20 years with two mutually approved five-year extensions, carries an initial rent of $64,253 a month, with a rent commencement date of Oct. 1, 2018.
Other items on the agenda include the consideration of legal fees to recover cleanup costs associated with the former Brown & Haley site project, as well as a hearing and discussion of CEO John Wolfe’s 2017 goals and expectations.
The full agenda for Friday’s meeting is available on the Port’s website.