SUBJECT/RECOMMENDATION:
Title
Approve a Business Lease Contract between the City of Clearwater (City) and Hope Academy International, LLC (tenant) for the use of a city-owned lot located at 918 Palmetto Avenue and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
The site at 918 Palmetto Ave is a vacant city-owned lot adjacent to a privately-owned daycare center. The vacant city-owned lot is approximately 0.12 acres and has been utilized as a playground for children attending the adjacent daycare over the last 11 years, including since March 2019 by the current tenant.
The tenant of the city-owned lot did not adhere to the notice renewal requirement of the previous lease, thus is requesting a new lease to commence on May 21, 2020.
The lease includes a $1000 annual fee and has an initial term of one year with an option to extend for 3 additional one-year terms. The proposed lease has the same conditions as the previous lease for the site. City staff have reviewed and support leasing the city-owned lot to Hope Academy International, LLC.