|March 11, 2014 - Regular Meeting|
Agenda Item #16
Lease Agreement with University of South Florida regarding Baywalk Trail
Contact and/or Presenter Information
Elliott Falcione, Executive Director (Presenter), x5913
Monica Luff, Sr. Admin. Specialist (Contact), x5913
Approval and authorization for Chairman to execute Lease Agreement with University of South Florida Sarasota-Manatee Campus with regards to the Baywalk Trail.
F.S.S. 125.0104 Authorized uses of Resort Tax Funds
- Lease Agreement will allow University of South Florida Sarasota-Manatee Campus (USFSM) to lease a portion of Manatee County owned property (southeast corner of the Crosley Estate property - see Attachment 1, last 3 pages of this packet) to build a continuous public trail linking USFSM and the Crosley Estate to other public institutions and attractions, including New College of Florida and eventually the Ringling Museum.
- The first phase of this trail will end at New College; however, New College and the Ringling Museum are developing plans to connect to this first phase within the year, so we can effectively showcase and cross-promote these assets on the bay.
- USFSM held a Public Hearing on March 12, 2013 (which was advertised in the local newspapers) for the general public to view USF's master plan (including the BayTrail).
- The term of this Agreement is for an initial term of twenty (20) years and may be renewed for additional ten (10) year periods upon mutual agreement by the Parties.
- USFSM will cover all costs related to the development of the Trail, including a control gate at Crosley that will be used when we are contracting private events, or when the Crosley Estate is closed. USFSM will also maintain the trail annually.
County Attorney Review
Other (Requires explanation in field below)
Explanation of Other
Bill Clague drafted the agreement.
Instructions to Board Records
Send 2 original signed agreements to Monica Luff, CVB.
Copy of approved agenda memo to Monica Luff, CVB (email@example.com)
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Lease Agreement - USF - Baywalk Trail.pdf