Brief

The Board of Harbor Commissioners initiated a ninth amendment to Lease No. 915 with San Pedro Public Market, LLC. The amendment modifies terms of the existing lease for the public market operation in San Pedro. The Trade, Travel, and Tourism Committee approved the item on April 14, 2026. Council adopted the amendment on May 1, 2026, by a 10-0-5 vote. The matter is now closed, subject to reconsideration under Council Rule 51.

Full summary

The Board of Harbor Commissioners brought forward a ninth amendment to Permit No. 915 between the Port of Los Angeles and San Pedro Public Market, LLC, which governs operation of the San Pedro Public Market waterfront commercial development. The specific change in this amendment is administrative in nature: it adjusts the timing of the lease's Upgrade Obligations provision, found in Article 2, Section 9.2. That clause requires the Harbor Department and the lessee to negotiate in good faith over additional capital investments and rent adjustments no later than 20 years after the market's opening, which was expected around June 2026. The Ninth Amendment modifies when that 20-year negotiation obligation is triggered but does not alter the substance of the requirement or create any new financial impact according to the Board of Harbor Commissioners. The Board determined the action is administratively exempt from environmental review under CEQA, a finding the Council was asked to concur with. The Board's resolution, No. 26-10693, authorized the Port's Executive Director or designee to execute the amended permit once Council approval was secured. The item was referred to the Trade, Travel, and Tourism Committee on April 7, 2026. At its April 14, 2026 meeting, the committee approved all three recommendations — concurring with the CEQA exemption, approving the Board resolution, and authorizing execution of the amendment — by a 2-0 vote, with one member absent. Neither the City Administrative Officer nor the Chief Legislative Analyst completed an independent financial analysis of the item. The full Council adopted the amendment on May 1, 2026, by a vote of 10-0-5. The action became final on May 5, 2026, and the file is now closed.

Activity (7)

• 2026-05-05 Council action final.
• 2026-05-01 Council adopted item, subject to reconsideration, pursuant to Council Rule 51.
• 2026-04-28 City Clerk scheduled item for Council on May 1, 2026.
• 2026-04-14 Trade, Travel, and Tourism Committee approved item(s) .
• 2026-04-10 Trade, Travel, and Tourism Committee scheduled item for committee meeting on April 14, 2026.
• 2026-04-07 Board of Harbor Commissioners document(s) referred to Trade, Travel, and Tourism Committee.
• 2026-04-07 Document submitted by Board of Harbor Commissioners, dated April 7, 2026.

Documents (8)

• 2026-05-05 Council Action · council_action
• 2026-05-01 Speaker Card(s) · speaker_card
• 2026-04-14 Report from Trade, Travel, and Tourism Committee · report
• 2026-04-14 Speaker Card(s) · speaker_card
• 2026-04-07 Report from Board of Harbor Commissioners · report
• 2026-04-07 Attachment to Report dated 4-07-26 - Board Report · attachment
• 2026-04-07 Attachment to Report dated 4-07-26 - Transmittal · attachment
• 2026-04-07 Attachment to Report dated 4-07-26 - Approval · attachment