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, 2021 through April 1, 2026 for the use of submerged land for Pier 60 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 and water of the State of Florida in the Gulf of Mexico.
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 changing the contact department from Marine and Aviation to Parks and Recreation. 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 6% of gross revenue generated from operations of the pier to the State. In FY 2019 that amount was approximately $100,000.00.
APPROPRIATION CODE AND AMOUNT:
Funding is available in 0101374 Pier 60 Operations
USE OF RESERVE FUNDS:
N/A