It is soliciting funds to rebuild the light, and is seeking an extended lease from the U.S. Coast Guard, so that restoration can continue.
Leaseholders who live in a block which does not qualify will have a new right to buy an extended lease.
The new owners obtained an extended lease from the City of Burlingame and renovated the vessel.
South of 34th Street on Madison Avenue was a region where a number of prominent silk houses found new locations and signed extended leases.
Negotiations concluded with the guarantee of space for residents in Coal Harbour Marina on extended leases.
The center retains the property through an extended $1 lease from MassPort, who also donated the sailing center's fleet of ten 23-foot Sonar keelboats.
In 2012 KRS acquried an extended lease on the site to 2016.
The resolution draws attention, lastly, to the extended lease for Russia's Black Sea Fleet in Crimea and the concerns that it raises.
It's like getting an extended lease on life.
The extended lease, on floors 7 and 10 through 12, will run for 10 years beyond the original expiration, 21 months from now.