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MEMORANDUM OF UNDERSTANDING
Fisherman's Landing (FL) will sublet the Premises at 1540 Indian
River Drive to Indian River Seafood (IRS) upon substantially the
following terms:
Possession. While IRS will have responsibility for the Premises, its occupation
of the same will have the following restrictions:
➢ Certain areas of the Premises, with examples being the outer deck, the pier,
and the sunken area of the enclosed back deck, along with areas as shall be
designated on an attachment to the lease, shall be accessible to the general
public without restriction during operating hours.
➢ An entryway and vestibule shall be constructed from the exterior of the
Premises to the bathrooms, which shall be available for public use at all hours.
➢ IRS shall have appurtenant rights to a reasonable and proportional but
undesignated use of available parking areas. However, it is anticipated that
special uses may be made of some parking areas during the Holiday seasons.
➢ Upon five (5) day's notice, FL shall be provided use of the food - service and
other reasonably available facilities for fundraisers and public events a
minimum of six (6) times per year.
Subletting. It is anticipated that areas of the Premises shall be sublet by FL,
with approval of the City and all other authorities, to other entities for
complementary uses, examples of such uses include small -scale food service and
historic museum.
Financial Responsibility. Monthly rent shall be in the amount of $3000. IRS
shall also be responsible for its utility charges such as electric, water and sewer, as
well as a pro -rata shall of dumpster and insurance charges (except for special
riders tied directly to the use by IRS, which shall be its sole responsibility).
Care. IRS shall keep both the exterior and interior of the Premises, including
Common Areas, in a clean and sanitary condition.
Lease Parameters. Adopt terms and restrictions of both the underlying lease
from the City and the Working Waterfronts Grant.