Town Center Lease Agreement

Background• Palm Coast Arts Foundation (PCAF)

Requested Lease Agreement for City Property in Town Center

• PCAF Reasons for Lease Request– Fundraising– Grants

• Shared Goal of Simple Lease Agreement, Long Term Lease once Construction is Imminent

Lease Agreement Key Terms

• 5 Year Term with Possible 5 Year Extensions• Terminate upon filing of a Building Permit– At that time, Long Term Lease Negotiated

• Property shall be used to Erect Signage• City Council may Terminate Lease with 3 Days

Notice