PLACEMENT: Departmental
TITLE:
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CONSIDERATION OF A PUBLIC PURPOSE LEASE AGREEMENT WITH THE MARTIN COUNTY FAIR ASSOCIATION, INC. FOR APPROXIMATELY 30.7 ACRES LOCATED ALONG SW CITRUS BOULEVARD IN WESTERN MARTIN COUNTY
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EXECUTIVE SUMMARY:
executive summary
The Board is requested to consider approval of a Public Purpose Lease Agreement ("Lease") with the Martin County Fair Association, Inc., a Florida not-for-profit fair association, for approximately 30.7 acres along SW Citrus Boulevard in western Martin County, along with a Non-Exclusive Access and Maintenance Agreement.
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DEPARTMENT: Administration
PREPARED BY: Name: George M. Stokus
Title: Assistant County Administrator
REQUESTED BY:
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
1. Lease drafted by: Martin County
2. Parties: Martin County, as Lessor, and Martin County Fair Association, as Lessee
3. Purpose: To provide the Fair with a new location where capital investments can be made to benefit the public.
4. New/Renewal/Modified: New
5. Duration: An initial term of ten (10) years, with three (3) additional ten (10) year renewal options, for a total potential lease term of forty (40) years.
6. Benefits to Martin County: Engagement with an operator that promotes and educates the public about local agriculture, strengthens community ties, and contributes to the local economy. The County would also retain the right to use the parking lot as a temporary disaster relief staging area during natural disasters or declared states of emergency.
7. Costs to Martin County: None
The Martin County Fair Association is seeking to utilize approximately 30.7 acres of property adjacent to SW Citrus Boulevard for public exposition and community events as authorized by Chapter 616, Florida Statutes. The Lease is structured as a typical ground lease, with the Fair being responsible for the construction of certain improvements (Fair office/agricultural education space...
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