Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 6/1/2016 
Agenda Category:REGULAR RESOLUTION

Subject: Resolution approving the First Amendment to the Ground Lease between the City of Riviera Beach and the Riviera Beach Event Center, LLC.

Recommendation/Motion: Approve the First Amendment Ground Lease.

Originating Dept City Attorney's Office  Costs $131,578 for FY 2015/16 $271,051 for FY 2016/17 to be increased by no more than 3% per year. 
User Dept.City Manager/Finance Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   

Background/Summary: 

The Riviera Beach CRA has built a two-story event center with a grand ballroom (Event Center) comprised of 6,000 square feet of meeting space (divisible into four separate meeting rooms) and two retail spaces (café and restaurant) totaling 10,700 square feet (air conditioned and patio space).  The Event Center has been built on city-owned land in the Municipal Marina area near Bicentennial Park which has been leased to the Riviera Beach Event Center, LLC through a ground lease term of no more than 50 years. 

 

 

The purpose of the modification to the original Ground Lease Agreement for the ground upon which the newly constructed Riviera Beach Marina Event Center sits atop seeks to provide that the City shall be responsible for the payment to the CRA of all Operating Costs for the Riviera Beach Marina Event Center.  The modified language says that the City shall be responsible for the payment of all actual costs and expenses (the “Operating Costs”) of every kind and nature paid or incurred by the CRA, as approved through the annual budget process for operating, managing, equipping, securing, policing, protecting, providing sanitation and sewer and other services, lighting, insuring (including self-insurance and the payment of deductible amounts under insurance policies), repairing, replacing and maintaining (a) the Common Areas, (b) and all other areas, facilities, and parts of the building that is the responsibility of the CRA.

 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
RESOLUTION_Event_Center_First_Amendment_5_25_16.docResolution 1st Amendment to Ground Lease Event Center5/26/2016Cover Memo
First_Amendment_to_Event_Center_Ground_Lease_FINAL_5_25_16.docx1st Amendment to Ground Lease Event Center Agreement5/25/2016Cover Memo
Ground_Lease_-_Event_Center.pdfGround Lease5/25/2016Cover Memo
Memo_Modification_to_City__Event_Center_LLC_Ground_Lease_FINAL_CDE_Letterhead.docxMemorandum Modification from Tony Brown5/25/2016Cover Memo
REVIEWERS:
DepartmentReviewerActionDate
AttorneyMitchell, DorothyApproved5/26/2016 - 3:48 PM