SUBJECT/RECOMMENDATION:
Title
Declare as surplus, a certain portion of real property located at 1000 N. Hercules Avenue (a.k.a the Clearwater Airpark), for the purpose of the City of Clearwater entering into a certain First Amendment to Lease and Property Operation Agreement with FlyUSA PV, LLC. (APH)
Body
SUMMARY:
The leased premises is described as that certain portion of the property located at 1000 N. Hercules Avenue, being more particularly described as follows:
Commence at the center of Section 12, Township 29 South, Range 15 East: thence run N 89° 19' 10" W, along the East-West centerline of said Section 12, a distance of 50.00', to a point on the West right-of-way line of Hercules Avenue and the Point of Beginning; thence N 00° 16' 59" E, along said West right-of-way line of Hercules Avenue, a distance of 34.91'; thence N 89° 29' 00" W, a distance of 252.19'; thence N 00° 40' 34" E, a distance of 173.37'; thence N 89° 19' 26" W, a distance of 328.99'; thence N 00° 16' 55" E, a distance of 300.00' to a point on the South right-of-way of Grand Avenue; thence N 89° 19' 26" W, along said South right-of-way of Grand Avenue, a distance of 475.00'; thence N 00° 16' 59" E, a distance of 756.48'; thence N 89° 19' 26" W, a distance of 401.74'; thence N 25° 13' 17" W, a distance of 1610.02'; thence S 65° 50' 39" W, a distance of 294.56'; thence S 24° 09' 21" E, a distance of 633.55'; thence N 89° 01' 19" W, a distance of 8.74'; thence S 25° 13' 17" E, a distance of 3715.92'; thence S 00° 16' 59" W, a distance of 160.49'; thence S 89° 20' 18" E, a distance of 564.75' to a point on said West right-of-way line of Hercules Avenue; thence N 00° 16' 59" E, along said West right-of-way line of Hercules Avenue, a distance of 1489.39' to the Point of Beginning.
Containing 60.21 Acres, more or less.
a.k.a the City of Clearwater Airpark
The Property includes portions of the following tax folio numbers: 12-29-15-55836-001-0012, 12-29-15-55836-001-0001, 12-29-15-70182-200-1200, 12-29-15-70182-200-0701, 12-29-15-70182-200-0702, 12-29-15-55836-001-0013, 12-29-15-55836-001-0006, 12-29-15-55836-001-0011, 12-29-15-55836-001-0007, and 01-29-15-70164-300-2501.
The Property is currently being leased to FlyUSA PV, LLC through February 29, 2028, with FlyUSA, PV, LLC having a unilateral option to renew the agreement for one five-year renewal period (First Renewal Period). Subsequent to the First Renewal Period, the Parties currently have the option to mutually agree extend the Agreement for four additional five-year renewal periods.
The City and FlyUSA PV, LLC intend to amend the Lease and Property Operations Agreement to provide for an intial term to begin on March 1, 2023 and continue until February 28, 2053. Upon the expiration of the initial term, the Parties will have the option to mutually agree to renew the Agreement for up to five five-year renewal periods.
The First Amendment to the Lease and Property Operations Agreement between the City and FlyUSA PV, LLC is contingent upon the declaration of the property as surplus.
APPROPRIATION CODE AND AMOUNT: N/A
USE OF RESERVE FUNDS: N/A
STRATEGIC PRIORITY:
High Performing Government: 1.2 Maintain public infrastructure, mobility systems, natural lands, environmental resources, and historic features through systematic management efforts.
Economic & Housing Opportunity: 2.2 Cultivate a business climate that welcomes entrepreneurship, inspires local investments, supports Eco-friendly enterprises, and encourages high-quality job growth.
