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Agenda Item
4 22-3174 Recommending approval of a lease amendment for Boat House Key West, LLC to reimburse the Boat House in the amount of $104,345 for completed CRA required basic building repairs and providing a rent abatement equal to seven (7) months payment in the amount of $253,053 and approving any necessary budget transfer.
$357K benefit for a very successful business? Why not addressed when new owners agreed to lease assignment in June 2020? Is this typical of local business transactions between commercial landlords/tenants? Did business follow business department permit rules? Did business receive Covid relief? How much? Precedent from other transactions with KW Bight tenants? City verified legally qualification under CRA laws? Will amounts granted serve to reduce reserves/budgeted items in the CRA? KW Bight Fund? Seems very generous when City has been unwilling to spend money on other important community priorities. For example, like $50K to double hourly pay for Life Guards to keep the MLK Pool open?
$357K benefit for a very successful business? Why not addressed when new owners agreed to lease assignment in June 2020? Is this typical of local business transactions between commercial landlords/tenants? Did business follow business department permit rules? Did business receive Covid relief? How much? Precedent from other transactions with KW Bight tenants? City verified legally qualification under CRA laws? Will amounts granted serve to reduce reserves/budgeted items in the CRA? KW Bight Fund? Seems very generous when City has been unwilling to spend money on other important community priorities. For example, like $50K to double hourly pay for Life Guards to keep the MLK Pool open?