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File #: 18-0222 CRA    Version: 1 Name:
Type: CRA Discussion Status: Agenda Ready
File created: 1/9/2019 In control: Community Redevelopment Agency
On agenda: 1/15/2019 Final action:
Title: LETTER OF INTENT TO LEASE COMMERCIAL SPACE - 606 w. aTLANTIC aVENUE - jOHNSON’S mEMORIAL cHAPEL
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Location Map - 606 W Atlantic Ave, 3. Exhibit B - Letter of Intent to Lease - Johnson Memorial Chapel - Received 12-26-18
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Jeff Costello, CRA Executive Director
DATE: January 15, 2019

Title
LETTER OF INTENT TO LEASE COMMERCIAL SPACE - 606 w. aTLANTIC aVENUE - jOHNSON’S mEMORIAL cHAPEL

Body

Recommended Action:
Recommendation
1. Authorize CRA Staff and CRA Legal Counsel to negotiate a 2-year lease with Johnson’s Memorial Chapel to occupy/lease 606 W. Atlantic Avenue, subject to any additional terms and conditions requested by the Board.

2. Authorize the issuance of a 30-day public notice of the CRA’s intent to lease the property at 606 W. Atlantic Avenue to Johnson’s Memorial Chapel in accordance with Florida Statutes Section 163.380(3)(a).

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Background:
The building located at 606 W. Atlantic Avenue (formerly Shuler’s Memorial Chapel) is approximately 5,811 sq. ft. (4,854 sq. ft. commercial space, 957 sq. ft. apartment). In 2010, the CRA acquired the property for redevelopment purposes. As part of the negotiations associated with the transaction, the CRA also entered into a Commercial Lease Agreement with Shuler’s Memorial Chapel, Inc. The triple net lease (including real estate taxes and insurance, etc.) was for a term of two (2) years at a rate of $500.00 per month. Pursuant to the lease, the tenant was also responsible for all expenses associated with the maintenance and repairs of the premises including the building and property. The lease was extended several times while Request for Proposals were processed to redevelopment the subject property as well as other CRA-owned properties within the SW 600-800 Blocks along W. Atlantic Avenue (“SW 600-800 Blocks Properties”). In 2016, Shuler’s Memorial Chapel vacated the premises in anticipation of the redevelopment of the property and the structure was prepared for demolition. Subsequently, the agreement with the developer was terminated and the CRA considered activating the building while another offer to redevelop the site was considered.

On April 13, 2017, the CRA Board con...

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