www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - November 28, 2017
REVISED November 28, 2017 - Regular Meeting
Agenda Item #9


Subject
Ground Lease and Development Agreement - Convention Center Hotel

Briefings
All

Contact and/or Presenter Information

Dan Schlandt, Deputy County Administrator

Elliott Falcione, Director, CVB



Action Requested
Authorization for County Administrator to terminate the Ground Lease and Development Agreement between Manatee County and Improvement Network Development Partners, LLC, for the development of a convention center hotel.

Enabling/Regulating Authority
Florida Statute Chapter 125, County Government

Background Discussion

On September 3, 2015, Manatee County issued Invitation to Negotiate (ITN) 15-1162CP to solicit private sector partners who are experienced in hotel development to propose a nationally branded hotel property adjacent to or near the Bradenton Area Convention Center (BACC).   S. Goodman and Associates, LLC, was selected.

On September 27, 2016, the Board of County Commissioners approved a Development Agreement for a Convention Hotel with Improvement Network Development Partners (INDP), a special purpose entity created by S. Goodman and Associates for the purpose of developing this project.

On January 24, 2017, the Board of County Commissioners approved Resolution No. R-17-021 which provided for a Ground Lease And Development Agreement for the project.

The terms and conditions of the agreement have not been met by INDP and staff is requesting authorization to terminate the agreement.



County Attorney Review
Other (Requires explanation in field below)

Explanation of Other
William Clague drafted the Ground Lease and Development Agreement and has provided legal advice on administration of the agreement.

Reviewing Attorney
Clague

Instructions to Board Records
None

Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A