Riviera Beach CRA postpones Rafiki Tiki term-sheet vote after commissioners press for exit ramp, community benefits

At its June meeting the Riviera Beach Community Redevelopment Agency postponed action on Resolution 2025-11, a proposed term sheet for a lease with Rafiki Tiki LLC, directing staff to return with a revised term sheet at the board’s July 9 meeting.

The item before the board was a draft term sheet negotiated by staff and reviewed by JLL that would expand the current Rafiki Tiki lease to the restaurant’s ground-floor space at the Marina Event Center, include an option for rooftop use, and offer a $200,000 tenant allowance toward construction. Anita Jenkins, the CRA director of neighborhood services, told commissioners “the lease would commence on August 1,” and described a five‑year initial term with three five‑year renewal options, a 3 percent annual escalation and base rent at $22.50 per square foot triple net plus pro rata operating costs. Jenkins said the draft contemplated an additional $1,500 monthly charge for the outside/sidewalk area and that tenant allowances would be paid after the tenant completes construction and submits verified costs.

Why it matters: the Marina Event Center and the larger Marina Village Phase 2 are central to the CRA’s waterfront redevelopment strategy. Commissioners voiced concern that committing assistance and long options without stronger protections could complicate a future developer’s master plan for the marina or leave the agency paying for improvements that must be removed or relocated.

Boar…