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Council allows early lease termination for two downtown tenants, keeps security deposits
Summary
After extensive discussion about repeated flooding and city repairs, council agreed to release Punta Gorda Coffee & Tea and Punta Gorda Chocolate & Wine from their downtown leases, retain security deposits and require payment of ad valorem tax adjustments.
Council voted to allow Punta Gorda Coffee & Tea and Punta Gorda Chocolate & Wine to terminate their downtown leases early, subject to conditions including retaining security deposits and collecting small ad valorem tax true‑ups.
Tenants described repeated flooding at the downtown Harrell Court locations and said the businesses could not survive another event; they asked to be released without further financial…
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