Agenda Item # 9.f.
City Commission Regular Meeting
- Meeting Date:
- 04/20/2015
- Re
- Little Jim Bait & Tackle Lease Extension
SUBJECT:
Approval of Lease Extension Agreement with Little Jim Bait and Tackle, Inc. for property located at 601 North Causeway Drive, Fort Pierce, Florida for a ten year period commencing on March 1, 2015 in the amount of $2,000.00 per month adjusted annually by CPI.
SUMMARY:
The City of Fort Pierce entered into a five year lease agreement with Little Jim Bait and Tackle on March 1, 2010 which provided for a conditional option to renew for a ten (10) year term. The owners remained in full compliance with all terms and conditions of the lease and made all required improvements. The City received a request to exercise their renewal option.
RECOMMENDATION:
Staff recommends the approval of an extension of the lease agreement with Little Jim Bait and Tackle for a ten year term commencing on March 1, 2015.
ALTERNATIVES:
N/A
RESPONSIBLE STAFF:
Nick Mimms, Deputy City Manager
COORDINATED WITH:
Robert V. Schwerer,City Attorney
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
$2,000.00 per month to the General Fund.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| City Manager | rbradshaw | 04/14/2015 10:02 AM |
- Form Started By:
- Linda Cox
- Started On:
- 04/07/2015 10:11 AM
- Final Approval Date:
- 04/14/2015