Title
Resolution Approving and Authorizing the Execution of a Second Amendment to Lease Agreement by and Among the City of Hampton, Hampton Watersports LLC and Virginia Beach Watersports LLC for the Purpose of Conducting Watersports Activities and Concession Services at Buckroe Beach
Purpose
PURPOSE/BACKGROUND:
On March 22, 2017, the City of Hampton entered into a Lease Agreement with Hampton Watersports LLC and Virginia Beach Watersports LLC (Tenant) for the purpose of providing watersport rental activities and concessions at Buckroe, specifically.
· 40,200 square feet variable width on the public beach - (the “Beach”);
· 1,500 square feet (30’ x50’), LRSN: 12007407- (the “Concession Facility”); and
· 500 square feet (10’ x 50’), LRSN: 12006702 - (the “Storage Area”)
The Lease Agreement was amended by First Amendment to Lease Agreement dated December 11, 2017.
Tenant has duly noted its intent to renew the Lease Agreement but has asked for several changes dealing with the Annual Fee, the location of the Concession Facility and the ability to sell food products other than pre-packaged food. The City has agreed to a different fee structure for years two, three and four. The Fee for the remaining term, year five, will be negotiated if and when Tenant renews. The City has also clarified provisions requiring the payment of all applicable taxes, the placement of tables, chairs and umbrellas within the Concession Facility to be consistent with tables, chairs and umbrellas to be provided by PR&LS in the rest of Buckroe Beach, records accounting and the amendment of Exhibits to show a different location for the Concession Facility and a different configuration of the Storage Area to 20’ x 25’.
City staff recommends approval of the Resolution.
Discussion:
See Purpose/Background above.
Impact:
$1,200.00.
Recommendation:
Rec
Conduct a Public Hearing and Approve the Resolution
Body
WHEREAS, the City entered into a Lease Agreement with Hampton Waterspo...
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