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S 11 BASTIAN
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AGENDA TRANSMITTAL
Subject: Agenda No. (U, I(2
Fishermen's Land Sebastian Lease Department Origin: City Manager
Working Waterfront Business Plan City Attorney:
City Clerk:
A I pr• for Submittal by: Finance:
• GMD:
I Date Submitted: 22 JUL 10
" 'ri -r, City Manager
Exhibits:
EXPENDITURE REQUIRED: AMOUNT BUDGETED: APPROPRIATION
REQUIRED:
$200,000 $0 $200,000
SUMMARY
In closing the Stan Mayfield Working Waterfront Grant and initiating a working waterfront
program, Council should consider adoption of two documents.
First, is the Working Waterfront Business Plan. The Plan was prepared by the Growth
Management Department in conjunction with input from City Council and the Waterfront
Committee. The Florida Community Trust (FCT) has approved the plan. At their
meeting on Monday, July 19, 2010, the Waterfront Committee recommended approval of
the plan with a few grammatical/incorrect references corrections/clarifications.
Second, enclosed is a lease between the City of Sebastian and the Fishermen's Landing
Sebastian, Inc. (FLS). FLS is a non-profit organization, comprised of fishermen whose
goal is to operate and maintain a working waterfront. This lease establishes a
relationship between the City and FLS for an operation, development and maintenance
plan for the recently acquired parcels (1532 and 1540 Indian River Drive). Essentially,
the Lease allows FLS to govern the properties and invest revenue generated from the
parcels, in the form of a lease credit, towards redevelopment. The concept seeks a
community wide benefit by redeveloping blight and promoting Sebastian tourism, which
then benefits local business.
The Waterfront Committee reviewed the proposed lease and recommends adoption.
The Waterfront Committee provides commentary on two lease items, but gave the City
Manager discretion to handle the items accordingly. Those comments were; (1)
clarification on boat trailer and commercial vehicle parking; and, (2) live aboard vessels
that may dock at the marina. To address these concerns, the draft document previously
provided to Council has been modified. More clarification language has been added to
Paragraphs 16.B and 16.C. The new language is underlined in the lease attached to this
transmittal.
In addition to these Waterfront Committee comments, in their last review FLS also
requested that accrued rent credits be applied to the term of a renewed lease. This
change is underlined in Paragraph 6.
Finally, in approving this lease, Council's attention should be drawn to paragraph 8.B.
This lease makes a financial commitment to complete specific renovations to the
Hurricane Harbor facility. It is estimated that these improvements will cost $200,000. If
Council approves the FSL Lease, it will also be committing to make these improvements.
Hence, it will be assumed by staff that by authorizing the FLS Lease, a Working
Waterfront Project fund will be created by transferring $200,000 from the FY 10 CavCorp
Project Budget (CavCorp is currently budgeted in FY 10 in the amount of $400,000;
however has not moved forward, as directed by Council, until the CRA Master Plan is
complete). The FLS expense should then be recognized accordingly in moving forward
with FY 11 CIP and CRA Master planning.
RECOMMENDATION
This is a dual action item, staff recommends:
1. Approve the Working Waterfront Business Plan, as suggested and amended by
the Waterfront Committee; and,
2. Execute FLS Lease as recommended by the Waterfront Committee and
amended herein.