CA - Southern California Marine Institute granted new permit at Port of L.A.
Institute will conduct academic, marine and oceanographic research projects on Terminal Island.
The Port of Los Angeles’s Board of Harbor Commissioners approved a revocable permit for Southern California Marine Institute, April 2. The permit will allow the Marine Institute to conduct its academic, marine and oceanographic research projects at the port’s Berths 259 and 260, which are on Terminal Island.
The Marine Institute will owe the Port of Los Angeles an annual compensation of $94,830 – $22,830 in actual rent plus $72,000 “as credit for in-kind services,” according to Port of L.A. staff.
Port district staff stated the Marine Institute paid $125,628 in annual compensation to the city, which included $20,000 payable in rent and the remainder in in-kind services. The Marine Institute, with the permit approval, will be paying an extra $2,830 in cash to the port district each year, during the length of the said permit.