No. 2 Referendum Question - Authorizing Amendment of Harborage Marina Lease to Extend Term to 30 Years and Require Improvements

May City Council approve amendment of the lease of City-owned submerged lands at Harborage Marina subject to conditions in ordinance 640-H? Such amendment would extend the term of the lease to 30 years and require the tenant to construct new improvements at no cost to the City, including 200 linear feet of docks, boat lifts, and expanded restrooms. Those improvements would be owned by the City at the end of the lease.