REDWOOD CITY, CA—Tenants of Pete's Harbor are seeking more than $1.2 million and the right for live-aboard boaters to remain at the marina in reply to a $50,000 offer from the waterfront developer who wants them to move.

Paul Powers, president of the Denver-based Pauls Corp. development says he is "quite disappointed" in the tenants' reply, according to a report in the Palo Alto Daily News.

"The demand for $1,220,920.92 seemed most unreasonable," Powers said in the letter, provided by Marina tenant Alison Madden, who filed a lawsuit and an appeal of the planning commission's October approval of the project on behalf of a coalition called Save Pete's Harbor.

Powers' financial offer, dated Jan. 24, came with the condition that Madden "and other existing and former tenants of Pete's Harbor" would drop the lawsuit and the appeal and sign an agreement "to not oppose in any way whatsoever the Pete's Harbor project" as it goes before regulatory agencies.

Powers has a deal to buy the 14-acre property from current Pete's Harbor owner Paula Uccelli. He submitted an application to the city last year proposing to build 411 upscale rental units, plus a private 263-slip marina in the inner and outer harbors for residents of the new community.

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