PLACEMENT: Departmental
TITLE:
title
REQUEST FOR APPROVAL OF AN AMENDED AND RESTATED PUBLIC PURPOSE LEASE AGREEMENT WITH TREASURE COAST ROWING CLUB IN PALM CITY
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EXECUTIVE SUMMARY:
executive summary
This request is for the consideration and approval of an Amended and Restated Lease Agreement (“Restated Lease”) with the Treasure Coast Rowing Club, Inc., a Florida not-for-profit corporation (“Rowing Club”), located within Charlie Leighton Park in Palm City. The Restated Lease will add approximately 6,515 square feet (.15 acres) to the Rowing Club’s existing leased area and extend the lease expiration date from October 1, 2026, through October 1, 2046, resulting in a lease term of twenty (20) years with one (1) ten (10) year renewal option.
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DEPARTMENT: Public Works
PREPARED BY: Name: Mandee Johns, F.R.P.
Title: Real Property Professional
REQUESTED BY: Kevin Abbate, Parks and Recreation Department Director
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
Documents drafted by: Martin County
Parties to the Amended and Restated Lease Agreement:
Martin County - Lessor
Treasure Coast Rowing Club, Inc. - Lessee
Purpose of the Lease: Provide continued use for Rowing Club at Jock Leighton Park
New/Renewal/Modified: New
Duration: Twenty (20) years, with one ten (10) year renewal period
Benefits to County: Community organized training programs geared toward national and international rowing competitions
Cost to Martin County: None
On August 26, 1997, the Rowing Club entered into a twenty-five (25) year Community Interest Lease Agreement (the “Original Lease”) for property located at the southeastern corner of Charlie Leighton Park. On December 15, 1998, the First Lease Amendment extended the timeline for the required site plan approvals to within 24 months of the date of the Original Lease. On June 5, 2001, the Second Lease Amendment extended the timeline for the completion of Phase I construction to on or before May 31, 2002. On September 19, 2006, the Third Lease Amendment addressed the Rowing Club’s amended building plan for Phase II and extended the timeline for obtaining permits and approvals to on or before September 19, 2007. Finally, on April 1, 2008, the Fourth Lease Amendment extended the timeline for the completion of Phase II construction to on or before April 1, 2011.
Most recently, on August 26, 2022, the Rowing Club entered into their ten (10) year renewal period pursuant to the Original Lease. The term under the Original Lease expires on August 26, 2032.
With the recent park enhancements occurring at Charlie Leighton Park in Palm City, additional space was available for the Rowing Club to utilize for storage. As such, the Rowing Club is seeking an Amended and Restated Public Purpose Lease Agreement to incorporate an additional 0.15 acres into their current lease area. The Restated Lease has an initial term of twenty (20) years, with one renewal period of ten (10) years.
The County is authorized pursuant to Section 125.38, Florida Statutes, to lease real property owned by the County to not-for-profit organizations organized for the purposes of promoting community interest and welfare.
ISSUES:
None
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable
law, has identified legal risks, and has developed strategies for legal defensibility.
RECOMMENDED ACTION:
RECOMMENDATION
Move that the Board approve the Amended and Restated Public Purpose Lease Agreement with Treasure Coast Rowing, Inc., a Florida not-for-profit corporation, and authorize the Chair to execute all documents necessary to complete this transaction.
ALTERNATIVE RECOMMENDATIONS
Direct staff.
FISCAL IMPACT:
RECOMMENDATION
None
ALTERNATIVE RECOMMENDATIONS
None
DOCUMENT(S) REQUIRING ACTION:
☐Budget Transfer / Amendment ☐ Chair Letter ☐Contract / Agreement
☐Grant / Application ☐Notice ☐Ordinance ☐Resolution
☒Other:Amended and Restated Lease Agreement