Post on 23-Jan-2016
description
Background• Palm Coast Arts Foundation (PCAF)
Requested Lease Agreement for City Property in Town Center
• PCAF Reasons for Lease Request– Fundraising– Grants
• Shared Goal of Simple Lease Agreement, Long Term Lease once Construction is Imminent
Lease Agreement Key Terms
• 5 Year Term with Possible 5 Year Extensions• Terminate upon filing of a Building Permit– At that time, Long Term Lease Negotiated
• Property shall be used to Erect Signage• City Council may Terminate Lease with 3 Days
Notice