California State Lands Commission February 22, 2013 C104.

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Presentation transcript:

California State Lands Commission February 22, 2013 C104

Lease Negotiations Applicant Commitments  Prepayment of three years of rent Due by November 19, 2012  Tug Boat Contract Due by October 23, 2012 COB  A guaranty from Maxim Due by November 1, 2012

Lease Conditions Not Met  Prepayment of three years of rent  Frank M. Coxe LLC to maintain a contract from a reputable, licensed, bonded tug boat company to remove the vessel from the Lease Premises.  Executed guaranty from Maxim Commercial Capital LLC  Evidence of Insurance Coverage