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Commission hears lengthy update on Krabby’s lease default and orders further review of city leases
Summary
City staff reported Krabby’s is in default with $209,003.94 past due and the city could lose about $280,000 in FY revenue; commissioners directed title/UCC searches, a review of all city leases and potential policy changes to centralize lease management.
Mayor Linda Hudson opened a public meeting in Fort Pierce on March 2 and the commission spent more than an hour on an update about the Krabby’s restaurant lease, hearing from the city manager that the tenant had been in default and that staff is pursuing title work and other due diligence.
City Manager Mr. Chess told the commission the tenant submitted a written request Sept. 26 seeking an 18‑month rent abatement and that staff met with tenant representatives Nov. 19. After reviewing the tenant’s subsequent submission, Chess said staff discovered the tenant was in default by several months; the city sent a default letter and later performed multiple walkthroughs and received keys back from the tenant. “We still have a lease; it’s just nonperforming at this stage,”…
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