LEGISLATIVE ACTION ITEM
SPONSOR: D.C. Reeves, Mayor
SUBJECT:
title
FIRST AMENDED AND RESTATED LEASE AGREEMENT WITH THE CHAPPIE JAMES MUSEUM OF PENSACOLA INC.
end
RECOMMENDATION:
recommendation
That City Council approve the First Amended and Restated Lease Agreement with the Chappie James Museum of Pensacola, Inc. for operation of the commemorative Chappie James Museum located at 1606 Dr. Martin Luther King, Jr. Drive.
end
body
HEARING REQUIRED: No Hearing Required
SUMMARY:
On December 14, 2017, City Council approved a Lease Agreement with the Chappie James Museum of Pensacola, Inc. for operation of the Chappie James Museum at 1606 Dr. Martin Luther King, Jr. Drive. The lease currently expires on February 8, 2028.
The City of Pensacola Community Redevelopment Agency (CRA) has recently completed design of an expansion project to provide additional programming space for the Museum and the Chappie James Flight Academy, which also occupies the site with the building addressed as 1608 Dr. Martin Luther King, Jr. Drive. To provide supplemental funding for the project, the Museum applied for and was awarded an African American Historical and Cultural (AAHC) grant. The grant requires that the property addressed as 1606 Dr. Martin Luther King, Jr. Drive be used for a commemorative museum a period of ten (10) years via a restrictive covenant recorded in the Official Records. To ensure compliance with the grant and to establish the re-organization of lease space upon completion of the expansion project, an amendment to the lease is necessary.
The amendment includes:
• Re-establishing the term of the lease to be for a period of ten years beginning upon recordation of the covenant.
• Requiring that any modifications to the property comply with the terms of the covenant.
• Revising the separation of leased space and common areas to reflect the re-organization of space upon completion of the expansion project.
• Establishing parameters for cooperation between the Museum and the City during construction of the expansion project.
PRIOR ACTION:
December 14, 2017 - City Council approved a Lease Agreement with the Chappie James Museum of Pensacola, Inc.
FUNDING:
N/A
FINANCIAL IMPACT:
The lease generates $100 in annual revenue.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
4/28/2023
STAFF CONTACT:
Kerrith Fiddler, City Administrator
David Forte, Deputy City Administrator
Sherry Morris - Development Services Director
Victoria D’Angelo -CRA Division Manager
Deana Stallworth - Lease Manager
ATTACHMENTS:
1) First Amended and Restated Lease Agreement
2) Exhibit B - Leased Premises
3) Exhibit C - Leased Premises - Post Expansion
PRESENTATION: No end