Title
RESOLUTION AUTHORIZING ONE YEAR LEASE AGREEMENT WITH FUN TIME, LLC FOR USE OF THE GEORGE HINDMAND PILOT HOUSE IN CANAL PARK.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into and execute a one year lease agreement, substantially in the form attached as Exhibit 1, with Fun Time, LLC, d/b/a Wheel Fun Rentals, for use of the George Hindmand Pilot House in Canal Park to operate its bicycle rental business. Rent payments shall be deposited to Fund 110, Public Administration 121, Property and Facilities Management 1222, Rent for Buildings 4622.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes the city to enter into a one year lease agreement with Fun Time, LLC, d/b/a Wheel Fun Rentals (“Fun Time”), for use of the Pilot House of the vessel George Hindmand (“Pilot House”) to operate its bicycle rental business. The Pilot House is located in Canal Park on property adjacent to the Marine Museum Parking Lot at the Lakewalk trailhead.
Fun Time has previously operated its business in the Pilot House and at another location in Canal Park. The city desires to lease the Pilot House to a private user whose use will provide opportunities for visitors to enjoy Canal Park and generate revenues for the city. For consideration of the lease agreement, Fun Time will pay Fifteen Thousand Seven Hundred Sixty Dollars and no/100ths ($15,760) or twelve percent (12%) of net receipts (as defined in the lease agreement), whichever is greater.