A City Council committee voted 4-0 this month to recommend renewing another lease to the Mission Bay Yacht Club, whose 50-year lease is set to expire on July 31. The yacht club’s current lease was approved in August 1961 at the city-owned property, located at 1215 El Carmel Place in Mission Bay. The leased area is 11.82 acres, which includes 6.14 acres of land and 5.68 acres of water, according to a City Council report. “This organization has been part of the fabric in Mission Bay for 84 years,” said District 2 City Councilman Kevin Faulconer. Faulconer made the motion March 9 to forward the lease renewal to the full City Council. The motion was seconded by District 1 City Councilwoman Sherri Lightner. Also voting in favor were councilmembers Todd Gloria and David Alvarez. The current annual rent is $262,543. The yacht club has asked the City Council to give them another 50-year lease. The annual rent each year increases through an economic formula of 33 percent of average commercial rent paid by lessees in Mission Bay Park. The yacht club has built two clubhouses and three docks, which include 141 boat slips. There is an administrative office, dry storage of 336 spaces and a parking lot with 165 spaces. The Mission Bay Yacht Club provides boats, equipment and support staff to more than 100 regattas and races per year. The club also provides boating experiences for youth, military families and physically-challenged individuals. There are about 2,000 members of the Mission Bay Yacht Club, which includes 838 families. The organization began at another location in Mission Bay in 1927, according to city records. The City Council will vote on the lease within a month or two.