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City approves rent‑subsidy grant for 2514 South Atlantic (Mythos Group); council and public press for contract safeguards
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Summary
The Daytona Beach Shores City Commission approved a stepped rent‑subsidy grant Aug. 5 for Mythos Group’s restaurant at 2514 South Atlantic, while commissioners and public commenters urged clearer contractual accountability for hours of operation.
The Daytona Beach Shores City Commission approved an economic development rent‑subsidy grant Aug. 5 for Mythos Group to operate a restaurant at 2514 South Atlantic in Daytona Beach Shores, adopting a stepped rebate schedule recommended by the Economic Development Committee.
Nancy (economic development staff) briefed the commission that Mythos Group has a five‑year executed lease and that the business owner (identified in the record as Miss Tricic) has invested about $100,000 in renovations. Staff said the restaurant will be open daily; regular hours are 7 a.m. to 8 p.m., extended to 9 p.m. during peak season. Staff reported the business will employ two full‑time employees and two to three part‑time employees.
The Economic Development Committee recommended a rent subsidy structured at 25% in year one, 15% in year two and 10% in year three. The committee explained it deviated from the city’s earlier 30/20/10 ramp because of higher rent at the location and to match recent, similar incentives given to local businesses.
Commissioners and public commenters pressed for stronger contractual safeguards tying the subsidy to operating commitments. Commissioner Card said the city’s funds should carry accountability and stated that, if a grant recipient materially reduces hours, the city should have recourse to revoke or proportionately reduce the subsidy. A member of the public who said she helped draft the original grant guidelines recommended adding explicit language to prorate the rebate if hours are cut and flagged that current language does not clearly require notice to the city if hours change.
City staff and at least one commissioner said the city can seek to revoke funding if a business fails to meet the intent of the program, but multiple participants asked staff and the city attorney to review the grant agreement and add clearer terms for hours, reporting and remedies. The commission approved the subsidy and directed staff to finalize paperwork; the clerk conducted a roll‑call vote after the motion. No specific contractual amendment was adopted on the spot; staff said they will consult with the city attorney and existing policy language and return with any recommended changes.
The commission’s action authorizes the rent‑subsidy payment schedule but leaves open whether the city will add binding contractual language requiring minimum hours, notice of changes, proration or revocation procedures.
