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Title:
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ORD Apv, & Auth the Mayor, or Her Desig, & the Corp Sec to Execute & Deliver, for & on Behalf of the City, That Certain Sovereignty Submerged Lands Lease (Bot File No. 164301902) btwn the City, Elements Development of Jacksonville, LLC, & Dist CDD & the Brd of Trustees of the Internal Improvement Trust Fund of the State of FL for Construction & Operation of a 125-Slip Commercial Marina Docking Facility Including 1 Slip Designated for Water Taxi Usage & a Kayak Launch, to Be Used Exclusively for the Mooring of Recreational Vessels, in Conjunction with an Upland Commercial Mixed Use Dev, for a Lease Term Exp on 12/17/34, with an Initial Annual Lease Fee of $62,665.68, & a 25% Surcharge, Plus Sales Tax, as Applicable, for the 452,243 sq ft Revenue Generating Lease Area, Subj to Annual Adjustments to the Lease Fee Thereafter in Accordance with Rule 18 21.011, FL Admin Code; Prov Further Authorizations; Prov for Oversight of Execution & Recording of the Lease by the Real Estate Div of the D...
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