SUBJECT/RECOMMENDATION:
Title
Approve a Sovereignty Submerged Lands Lease Renewal Agreement No. 520010893 between the City of Clearwater and Board of Trustees of the Internal Improvement Trust Fund of the State of Florida from April 1, 2026 through April 1, 2031 for the use of submerged land for Pier 60; Pass Resolution 26-19 and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
The City of Clearwater operates Pier 60, a public, recreational pier on Clearwater Beach extending from City-owned lands onto submerged, sovereign lands of the State of Florida. The Board of Trustees of the Internal Improvement Trust Fund of the State of Florida (TIITF) has administrative authority over such submerged, sovereign lands and waters.
Staff recommends approval of this lease renewal agreement No. 520010893 with TIITF, which is identical to past agreements with the exception of a correction in the leased area from 14,450 square feet to 15,424 square feet. . Therefore, the annual base rental fee for the remaining years of this lease will be based on 15,424 square feet which shall be adjusted pursuant to the provisions of Rule 18-21.011, Florida Administrative Code. This agreement is to be renewed every five years.
The City agrees to pay TIITF an annual rental fee, currently $5,280.03 plus sales tax, within 30 days of receipt of this fully executed lease. The annual rental fee for the remaining years of the lease shall be adjusted pursuant to provision of Rule 18-21.011 Florida Administrative Code. In addition, the City pays six percent of gross revenue generated from operations of the pier to the State. In FY 2025 that amount was $44,626.85.
APPROPRIATION CODE AND AMOUNT:
Funding is available in 0101374, Pier 60 Operations. The Parks and Recreation Department is funded by revenues from the General Fund.
USE OF RESERVE FUNDS:
N/A
STRATEGIC PRIORITY:
Approval of the Submerged Lands Lease Renewal Agreement aligns with the following City of Clearwater Strategic Plan Objectives:
• 1.2: Maintain public infrastructure, mobility systems, natural lands, environmental resources, and historic features through systematic management efforts.
• 1.3: Adopt responsive levels of service for public facilities and amenities, and identify resources required to sustain that level of service.
• 1.5: Embrace a culture of innovation that drives continuous improvement and successfully serves all our customers; and
• 2.3: Promote Clearwater as a premier destination for entertainment, cultural experiences, tourism, and national sporting events.
