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.