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Council tells staff to re-offer short-term lease terms to Krabby's while keeping city termination option
Summary
Council directed staff to reissue a letter of intent offering a five-year extension of the Marina building lease with a city option to terminate on 12 months' notice; staff will give the tenant about 30 days to respond before pursuing other directions.
After an update on negotiations over the Marina building lease, the council directed staff to re-issue a letter of intent (LOI) offering a five-year lease extension that includes a city-held termination option of 12 months’ notice. Councilmember Urban said the Marina building is an important city asset and reiterated his view that the city should move…
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