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File #: 20-5989    Version: 1 Name: Rent Relief Coronavirus General Fund
Type: Resolution Status: Passed
File created: 8/24/2020 In control: City Commission
On agenda: 9/1/2020 Final action: 9/1/2020
Title: Rescinding Resolution 20-080, and replacing it with the commercial rent adjustments contained herein; Authorizing a rent abatement for commercial tenants, including General Fund and Garrison Bight, for the month of April 2020; Authorizing a rent deferment for up to two months, with an up to 24-month repayment period for commercial tenants affected by the COVID-19 Emergency for the months of May and June 2020, upon individual request by tenants in good standing which meet specific criteria set forth in the Memorandum by Doug Bradshaw, Director Port and Marine Services, dated August 24, 2020; Providing for adjusted deferral payment terms for expiring and/or renewing leases; Providing for late payment penalties; Authorizing the payment of 75% (25% abated) of Base Rent for commercial (General Fund and Garrison Bight) tenants for the months of August and September 2020; Directing city staff to analyze and provide recommendations to the City Manager or designee with regard to rent adjustment...
Sponsors: Greg Veliz
Attachments: 1. Resolution, 2. Rent Relief Coronavirus General Fund, 3. Rent Relief Revenue Impact Table, 4. Rent Relief Tenant Details, 5. Resolution 20-080, 6. Public Comment - Boatman Assoc, 7. Public Comment - Captain Art Duplessis, 8. Public Comment -Captain Chris Garcia, 9. Public Comment - Captain Gil Scott, 10. Public Comment -Captain Damon Santelli, 11. Public Comment-Captain Mike Weinhofer, 12. Public Comment-Captain Walter Kirchner, 13. Public Comment-Captain William O Wickers III, 14. Public Comment-Hooked Up, 15. Public Comment-The Ultra Grand Slam, 16. Public Comment-Charter Boat Assoc, 17. Public Comment-CowboyCharters, 18. Public Comment-Gulf Stream IV, 19. Public Comment-JollyRogerII, 20. Public Comment-KW Sailing Adventure

Title

Rescinding Resolution 20-080, and replacing it with the commercial rent adjustments contained herein; Authorizing a rent abatement for commercial tenants, including General Fund and Garrison Bight, for the month of April 2020; Authorizing a rent deferment for up to two months, with an up to 24-month repayment period for commercial tenants affected by the COVID-19 Emergency for the months of May and June 2020, upon individual request by tenants in good standing which meet specific criteria set forth in the Memorandum by Doug Bradshaw, Director Port and Marine Services, dated August 24, 2020; Providing for adjusted deferral payment terms for expiring and/or renewing leases; Providing for late payment penalties; Authorizing the payment of 75% (25% abated) of Base Rent for commercial (General Fund and Garrison Bight) tenants for the months of August and September 2020; Directing city staff to analyze and provide recommendations to the City Manager or designee with regard to rent adjustments, if any, for the months of October through December 2020 at a later date; Authorizing the City Manager or designee to approve and execute lease addendums or account adjustment to effectuate the rent abatement, deferments and adjustments.