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Commissioners press staff after Krabby's lease default; title search and lease inventory ordered
Summary
A lengthy Feb. 17 discussion revealed a tenant default at Krabby's and raised wider concerns about city lease administration. Commissioners sought an immediate inspection and security of the property, a title search, and a compiled list of city leases; city manager said staff had sent a cure letter and is assembling an aging receivable schedule and lease inventory.
The Fort Pierce City Commission spent a substantial portion of its Feb. 17 meeting addressing Krabby's restaurant, which staff said had defaulted in rent and in reimbursing the city for property-tax bills. Commissioner Curtis Broderick characterized the matter as a tenant default and sharply criticized city lease administration practices and oversight.
Broderick said the city is now ‘‘underwater in this thing, $215,000, give or take a few dollars," referring to unpaid real-estate tax reimbursements the city bills the tenant for under the lease. He called the apparent multi-year lapse in receivables and follow-up "horribly mismanaged" and urged immediate action to secure the facility and determine the condition of…
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