PLACEMENT: Consent
TITLE:
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APPROVAL OF A SOVEREIGNTY SUBMERGED LANDS LEASE RENEWAL AND MODIFICATION BETWEEN THE BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF FLORIDA, 2 GPS INC. AND MARTIN COUNTY
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EXECUTIVE SUMMARY:
executive summary
Request for approval of a Sovereignty Submerged Lands Lease Renewal and Modification between the Board of Trustees of the Internal Improvement Trust Fund (TIITF), 2 GPS, Inc. (2 GPS) and Martin County to (i) change the description of use, (ii) increase the square footage of the leased area and (iii) reflect upland ownership change for the submerged lands structures, including the public boat dockage and boardwalk area in Port Salerno.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, FRP
Title: Real Property Manager
REQUESTED BY: Florida Department of Environmental Protection
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
1. Lease drafted by:
Florida Department of Environmental Protection
Division of State Lands
2. Parties to the Lease:
Lessor - TIITF
Lessees - 2 GPS, Inc. and Martin County
3. Purpose of the Lease:
Extension and modification of the current lease for the public boat dockage and boardwalk
4. New/Renewal/Modification
Renewal and Modification
5. Duration:
5 years (May 25, 2024, through May 25, 2029)
6. Benefits to Martin County:
Public use of public boat dockage and boardwalk
7. Cost to Martin County:
None (2 GPS will pay all fees associated with the SSLL)
In 2010, the County, TIITF, and Red Sky, Inc. (Red Sky) entered into a Sovereignty Submerged Lands Lease (SSLL) Agreement No. 430125408 for a five-year term ending May 25, 2014. This SSLL was subsequently renewed for successive five-year terms, with the most recent renewal expiring on May 25, 2024. Red Sky is the owner of the upland parcel located at 4290 SE Salerno Road in Stuart and holds the associated riparian rights.
As part of the renewa...
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