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Committee backs emergency lease amendment to let Boathouse replace kitchen floor
Summary
The finance committee unanimously recommended emergency approval of a CIC-backed lease amendment to front the Boathouse restaurant’s roughly $40,000 kitchen-floor replacement, with the tenant paying one-third up front and a 0.25% lease-percentage increase over five years to reimburse the CIC.
The Troy Finance Committee recommended emergency approval of a lease amendment on December 8 that would let the Community Improvement Corporation (CIC) fund the majority of a planned kitchen-floor replacement at the Boathouse restaurant on Treasure Island so work can begin in January.
Unidentified staff told the committee the work is the lessee's responsibility under the lease but that the restaurant needs…
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