File #: 25-4839    Version: 1 Name: Tropical Shell and Gift Fourth Amendment
Type: Resolution Status: Passed
File created: 12/4/2025 In control: City Commission
On agenda: 1/6/2026 Final action: 1/6/2026
Title: Approving the Fourth Amendment to Lease Agreement between the City of Key West and Tropical Shell and Gifts, Inc. to extend the lease term for the property located at 1 Whitehead Street, Key West, Florida for an additional ten (10) year period beginning July 15, 2028 and ending July 14, 2038, pursuant to an option to renew granted under Resolution No.18-247 approving the Second Amendment to Lease; Authorizing the City Manager to execute the Fourth Amendment to Lease Renewal and any necessary related documents and/or budget transfers/amendments upon consent of the City Attorney.
Sponsors: Brian L. Barroso
Attachments: 1. Resolution, 2. Cover Memo (Property Management), 3. Fourth Amendment to Lease, 4. Letter City - TS G Request to Exercise Option, 5. Exhibit A - Resolution 18-247 TSG - City, 6. Exhibit B - Letter Extend Time period, 7. Exhibit C - Schedule improvements - Funds TSG, 8. Res. 78-87 Tropical Shell & Gifts Lease, 9. Res. 81-92 Tropical Shell Lease Adm (Invest Credit), 10. Res. 99-433 Tropical Shell Aquarium Modification, 11. Res 18-247 Second Amendment To Lease, 12. Res 21-169 Third Amendment To Lease, 13. Public Comment - Lloyd

Title

Approving the Fourth Amendment to Lease Agreement between the City of Key West and Tropical Shell and Gifts, Inc. to extend the lease term for the property located at 1 Whitehead Street, Key West, Florida for an additional ten (10) year period beginning July 15, 2028 and ending July 14, 2038, pursuant to an option to renew granted under Resolution No.18-247 approving the Second Amendment to Lease; Authorizing the City Manager to execute the Fourth Amendment to Lease Renewal and any necessary related documents and/or budget transfers/amendments upon consent of the City Attorney.