SUBJECT/RECOMMENDATION:
Title
Approve a license agreement between the City of Clearwater and PLDD Harborview, LLC (PLDD) to allow PLDD to use the Clearwater Main Library Parking Lot located at 100 N. Osceola Ave, Clearwater, FL 33755 for access, ingress, and egress privileges and authorize the appropriate officials to execute the same. (consent)
Body
SUMMARY:
On August 4, 2022, the City of Clearwater (City), the DeNunzio Group, LLC (DeNunzio), and Gotham Property Acquisitions, LLC entered into a development agreement in part for the construction of a new hotel at the site of the former Harborview Center located at 50 N. Osceola Avenue, Clearwater, Florida 33755 (Hotel Property). As a part of the development agreement, the City and DeNunzio were required to enter into a license agreement allowing access to the Hotel Property through the Clearwater Main Library parking lot located at 100 N. Osceola Ave., Clearwater, FL 33755 and adjacent to the Hotel Property (Parking Lot).
The license provides DeNunzio’s special purpose entity, PLDD Harborview, LLC (PLLD), access, ingress, and egress privileges to the Parking Lot for an initial term of 30 years with perpetual automatic renewal terms of ten years each for the life of the hotel project. Ownership of the Parking Lot will remain with the City and no real property or leasehold interests are being conveyed to PLDD.