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Riviera Beach CRA authorizes lease negotiations with Rafiki Tiki, asks staff to verify market rent
Summary
The CRA voted to permit the executive director to negotiate final lease terms with Rafiki Tiki for the marina restaurant space, adding board direction to obtain an independent appraisal, include clawback/relocation protections and return the final lease for approval.
The Riviera Beach CRA on Nov. 12 approved a motion to authorize the executive director to negotiate a new lease term sheet with Rafiki Tiki LLC for the city marina restaurant space and directed staff to obtain an appraisal and include provisions to protect CRA interests if a redevelopment offer displaces the tenant.
Board members debated renewing or replacing the five-year lease while an RFP for marina redevelopment…
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