LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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LEASE - GROUND SUBLEASE WITH NORTHWEST FLORIDA PROFESSIONAL BASEBALL LLC FOR PARCEL 9 OF THE VINCE J. WHIBBS SR. COMMUNITY MARITIME PARK
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RECOMMENDATION:
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That City Council approve and authorize the Mayor to execute the Ground Sublease for Parcel 9 of the Vince J. Whibbs Sr. Community Maritime Park with Northwest Florida Professional Baseball LLC (NFPB) for the construction and use of batting cages and other stadium amenities, through March 31, 2032 and coterminous with the Multi-Use Facility Non-Exclusive Use Agreement for Blue Wahoos Stadium. Also, that City Council authorize the Mayor to take the actions necessary to execute and administer this sublease, consistent with the terms of the sublease and the Mayor’s Executive Powers as granted in the City Charter.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
In July 2011, the City (via the now-defunct Community Maritime Park Associates Inc.) entered into an agreement with Northwest Florida Professional Baseball. The agreement was extended thru March 31, 2032 by City Council at the July 15, 2021 regular meeting. In late 2021, the City and NFPB began discussing the need for batting cages and similar items to enhance stadium use and visitor experience. In March 2022, Inspired Communities of Florida agreed to relinquish their development option on parcel 9, allowing for the City to negotiate a ground sublease with NFPB for the parcel. NFPB has agreed to invest $400,000 to construct the initial improvements, which include batting cages, player amenities, and small parking area to complement the stadium use.
PRIOR ACTION:
July 10, 2011 - The City (via CMPA) enters into a Multi-Use Facility Non-Exclusive Use Agreement with NFPB for Blue Wahoos Stadium at Community Maritime Park
July 15, 2021 - City Council approves Amendment No. 5 to the NFPB Use Agreement, extending the term through March 31, 2032
FUNDING:
N/A
FINANCIAL IMPACT:
NFPB will remit $6,000.00 in annual rent thru March 31, 2032, with rent adjusting to market rate pending an optional ten-year extension to the sublease. NFPB will also pay $6,807.98 in annual CAM charges, with a 7% increase every five years through the term of the sublease.
Conditional uses such as retail shops, food and beverage services, restaurant/bar services, hotel etc. are prohibited; however, should the City grant any of these conditional uses, then the rent must be adjusted to the prevailing market rate at that time.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
10/12/2022
STAFF CONTACT:
Kerrith Fiddler, City Administrator
Amy Miller, Deputy City Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
1) Ground Sublease - Maritime Park Parcel 9
2) Map of CMP Parcels
PRESENTATION: No end