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SR-01-10-1967-8GCITY OF SANTA MONICA r 27, 1966 TO: The Honorable City Council FROM: City Manager SUBJECT: Harbor Area Improvements 66 -C -73 Pursuant to Council request, the administration has reviewed possible harbor area development alternatives which may be consistent with the declared desire to improve the esthetic, recreational and tourist appeal of the area. The alternatives considered are: Exhibit A Possible rehabilitation -- Newcomb Pier Possible pier addition with beach parking Proposed island -- breakwater area Newcomb Pier -- Exhibit B The pier was leased by the City for a period of 21 years beginning March 1, 1952, and terminating February 28, 1973, for an annual rent of $3,000. An option which may be exercised prior to June 30, 1967, has been obtained from the lessee to acquire the unexpired term of the subject lease ( approximately six years) for a purchase price of $125,000. Another option was obtained (with the same termination date) to acquire by purchase at a price of $375, 000 about 37, 904 square feet of land owned by the lessee at the shore end of the pier. The options permit the acquisition of the unexpired lease term independently of the land purchase, but do not permit the land purchase without the purchase of the lease- hold. It is possible to redevelop the pier as illustrated in Exhibit B without a prohibitive expenditure initially. The Director of Public Works cautions, however, that: "If the Newcomb Pier is to be considered for any long term use, complete rebuilding of the pier superstructure, together with replace- ment of deteriorated piling, should be seriously considered. Prior to a determination of this matter, a much more detailed survey of the pier would be essential. Based on the same unit costs involved in the Municipal Pier reconstruction, the following estimated costs are submitted: "Piling replacement ( per Parker report) "Superstructure replacement Total - -1- $ 14,000 1,019,650 $1,033,65011 Oversized attachment Proposed Island Development Filed i n 806 -000