|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - April 25, 2017|
Agenda Item #29
Widewaters Bradenton Estoppel Certificate Associated with the Parking Lot Lease Agreement for Use of a County Owned Parcel by the Downtown Hampton Inn & Suites
Contact and/or Presenter Information
Cheri Coryea, Director, x3468
Authorization for the County Administrator to execute an Estoppel Certificate with Widewaters Bradenton, LLC, associated with the parking lot lease agreement for use of a County owned parcel by the Downtown Hampton Inn & Suites.
11.1.4 Efficiency in Service Delivery
In May 2012, Manatee County entered into a Lease Agreement with Widewaters Bradenton, LLC, for a County parcel of land to be used as a parking lot.
The parcel is located diagonally to the Southwest of the Downtown Hampton Inn & Suites and is used for additional hotel customer parking.
Widewaters is in the process of refinancing the Hampton Inn property and their lender requires an estoppel certificate for the parking lot lease. Widewaters wishes to close on their loan as quickly as possible, and is requesting County execution of the Estoppel Certificate.
The County Attorney's Office has reviewed and developed the attached Estoppel Certificate with Widewaters legal representation.
County Attorney Review
Formal Written Review (Opinion memo must be attached)
Explanation of Other
Instructions to Board Records
Please process as soon as possible as Estoppel Certificate is a loan closing requirement.
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Estoppel Certificate Widewaters.pdf
Attachment: Estoppel Certificate CAO Response.pdf