HomeMy WebLinkAboutSubmittal-Commissioner Russell-Proposed Amendments to Ballot QuestionSubmitted into the pub
record f r itc njs}
CURRENT LANGUAGE
T'ity Clerk
"Shall the City Charter be amended to extend City's Lease with Hyatt
of approximately 4.2 acres of waterfront land at 400 S.E. 2nd Avenue, for
additional 49 years (total 99 years) to include:
additional convention center land;
new hotel and mixed -use development;
new public Riverwalk and public amenities; and
• Minimum guaranteed rent to City of $2,000,000 annually, plus
percentage of gross profits from all other uses?"
PROPOSED LANGUAGE
Shall the City Charter be amended to extend City's Lease of approximately 4.2
acres of waterfront land at 400 S.E. 2nd Avenue with Hyatt by 49 years (total
99 years), including:
• expanded lease area including convention center land;
• new hotel and mixed use development, including transit connectivity and
mixed income housing;
• new public Riverwalk and green space; and
• minimum guaranteed rent to City of $2,000,000 annually, plus percentage
of gross profits from all other uses?
NIT1- Soisi\\\\0\-- "\\ss,omr s'‘1/4���e�1-Q‘aQo�a 4Z4g. iv k)()%\ (QX\olk