FPRA Regular Meeting - 4:00 p.m.


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  8.b.       
Meeting Date: 10/27/2020  
Re:    Salty4Eleven LLC dba Cobb's Landing Lease
Submitted For: Dean Kubitschek

SUBJECT:
Approve lease extension between the Fort Pierce Redevelopment Agency and Salty4Eleven LLC for an additional five (5) years beginning June 30, 2021 as provided for in the existing lease agreement for the operation of Cobb's Landing.
SUMMARY:
Formal request from Salty4Eleven LLC to extend the lease between the City of Fort Pierce and Salty4Eleven LLC for an additional 5 years beginning on June 30, 2021.
RECOMMENDATION:
Approve request.
ALTERNATIVES:
Decline request.
RESPONSIBLE STAFF:
FPRA Board
COORDINATED WITH:
Dean Kubitschek, Marina Manager

Fiscal Impact
OTHER INFORMATION:
Pursuant to the terms of the lease agreeement, Tenant shall pay 7.25% of all gross revenue and sales (exclusive of sales tax) or $6,500 per month, whichever is greater.
Attachments
COBBS LANDING LEASE REQUEST
COBBS LANDING BOUNDRIES


    

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