HomeMy WebLinkAbout05231983 GCP0016, THE FOLLOWING I NDI VI DUALS MET IN MAYOR FLOOD'S OFFICE ON MAY 23, 1983:
MAYOR PAT FLOOD, JR., ARTHUR TROWBRIDGE, EDWARD PALUCH, JOSEPH
LANCASTER, ROBERT FITZMAURICE
IT WAS AGREED THAT THE FOLLOWING SHOULD BE INCLUDED IN THE LEASE OF THE
AIRPORT PROPERTY OCCUPIED BY THE SEBASTIAN MUNICIPAL GOLF COURSE:
THE GOLF COURSE AGREES TO PAY $10,000.00 A YEAR PLUS50% OF
THE NET PROFITS - METHOD OF IPAYMENT - BUDGET $10,000.00 PLUS
50% OF NET PROFIT UNTIL AGREED LEASE FIGURE IS REACHED.
SHOULD THE CITY RELINQUISH CONTROLLING INTEREST IN THE GOLF
COURSE, THE LEASE MAY BE RENEGOTIATED FOR PAYMENT BETWEEN
THE INTERESTED PARTIES.
CONSIDERATION SHALL AND WILL BE GIVEN TO ALL IN-KIND SERVICES.
ATTACHED IS A COPY OF THE MINUTES OF THE JOINT MEETING OF DECEMBER 9, 1982,
BETWEEN THE AIRPORT ADVISORY BOARD AND THE GOLF COURSE BOARD OF DIRECTORS
WHICH LISTS THE RENT AGREED UPON BASED ON 150 ACRES APPRAISED AT $2500.00
PER ACRE. THE ACTUAL ACREAGE OF THE GOLF COURSE HAS NOW BEEN DETERMINED AS
154 ACRES.
do