PLACEMENT: Departmental
TITLE:
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APPROVE AN OPTION TO LEASE AND PUBLIC PURPOSE LEASE AGREEMENT WITH THE MARTIN COUNTY FAIR ASSOCIATION, INC.
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EXECUTIVE SUMMARY:
executive summary
This is a request to approve an Option to Lease and Public Purpose Lease Agreement between the Martin County Fair Association, Inc. (Fair) and Martin County Board of County Commissioners (Board) for the purpose of hosting the Martin County Fair and other public fair or exposition events on property located at SW Citrus Boulevard.
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DEPARTMENT: Public Works
PREPARED BY: Name: Carla T. Segura, FRP
Title: Real Property Manager
REQUESTED BY: George Stokus, Assistant County Administrator
PRESET: 9:30 AM
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
1. Option to Lease Prepared By: Martin County
2. Parties to the Option to Lease: Martin County Fair Association, Inc., Lessee
Parties to the Public Purpose Lease: Martin County, Lessor
3. Purpose of the Option to Lease: To allow for the hosting of the Martin County Fair and
Purpose of the Public Purpose Lease: other public fair or exposition events.
4. New/Renewal/Modified: New
5. Duration - Option to Lease November 16, 2020
Duration - Public Purpose Lease Fifty (50) years from date of execution
6. Benefits to Martin County: Hosting of the Martin County Fair and other public
fair or exposition events.
7. Cost to Martin County: Unknown
At its January 8, 2019 meeting, the Board approved entering into an Option to Lease with the Fair to relocate the Fair to the 107-acre site on SW Citrus Boulevard (the Property) and entering into a Public Purpose Lease with the Fair upon satisfaction of the conditions of the Option to Lease. As directed, staff has obtained written consent from the South Florida Water Management District (SFWMD) and the United States Department of the Army regarding the Lease; although the SFWMD has reserve...
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