The rate for annual slipholders should be $39 per foot not the current $25 per foot and weekly slip rates should be $21 not the current $15 in order for the City Marina to break even and pay it's operating expenses, according to the marina management company.
Oasis Marina, at the request of the city's Marina Advisory Board, provided the rates required for the marina to be fully self-sufficient. Currently the marina requires support from the City's operating fund.
The forecast rates would pay for all marina expenses. Including insurance, debt service payment, and bi-annual dredging.
The table below assumes revenue derived from 71% transient boaters and 29% annual slip holders. The calculations provided by Oasis General Manager Cathy Chapman are based on marina debt and expenses and do not necessarily reflect what the market will bear.
There are no plans to raise the rates. The Marina Advisory Board will discuss the rates on May 22.
those are marginal increases and should be done! Don't get cnofused by the percentages.
A key element is a solid understanding of "what the market will bear" and are there opportunities at other nearby marinas where current slipholders could go at a lower rate. Where is that analysis as such is required before any real discussion can be had.