HomeMy WebLinkAboutM-79-050611. I I_U : 1;1'
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Joseph R. Grassier
City Manager
J. E. Gunderson
Director of Finance.
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July 18, 1979
Proposed Draft of Lease
Agreement. with
Miami Outboard Club
PILE:.
Attached is the proposed Lease Agreement to be presented to the Miami
Outboard Club.
TERM
The term of this Agreement shall be for a fifteen year period.
has no option to renew.
USE
The Club
The premises are to be used by the Club for the operation and maintenance
of storage and docking facilities, and a maneuvering area for small boats.
CONSIDERATION AND ADJUSTMENT
The consideration due the City shall be whichever is the greater of the
following:
A base yearly amount of;$16,622.00 as being equivalent to $.08
per square foot of shoreland area and $.02 for submerged'baybottom
area; or •
An amount equal to $112.00 (per capita property tax rate) multiplied
by the number of non -city resident members of the Club.
The "per capita property tax rate" is derived from the City's property tax
revenues ;($39,171,187.00) divided. by the City's population (350,000).
Also includedas additional consideration is a surcharge to the Club for any
occupancy of non -City of Miami residents in the Club's dockage and storage
facilities.
The rent will be adjusted every five years, and shall be the greaterof the.
following:
One hundred twenty percent (120%) as to the first adjustment,
and one hundred twenty percent (120%) of existing renton any
periods thereafter
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Joseph R. Grassie
Page 2 of _2
July 1E
1979
The rental to be paid in'a dollar amount equivalent to the
present purchasing power of each dollar.
The per capita property tax rate will also be adjusted every five years to
reflect changes in both taxes and population.
TAXES
The lessee will pay any and all ad valorem axes levied and imposed o•
the premises, and further agrees to'pay'all'other taxes which may be`.:`
levied on the premises:
OWNERSHIP -OF • ' IMPROVEMENTS
Upon cancellation, termination, or expiration of the lease, any improvements
done -in or at the leased area will become the property of the City.
ADJUSTMENT, OF THE PREMISES
Adjustment or relocation of the leased premises is provided,
of development regiirements`or any other public purpose.
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