The Sacramento-Yolo Port Commission has approved a new master lease of its West Sacramento maritime facilities with SSA Pacific, Inc. (SSA). The new lease, which takes effect July 1, 2013, replaces an existing Terminal Operations Management Agreement with SSA.
The new agreement provides guaranteed rent payments to the Port of West Sacramento and shifts all maritime-related operational expenses to SSA, enabling the Port to reduce administrative costs and focus on development of its real estate assets.