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Putnam County approves two one‑ and two‑year extensions for Victoria Marine warehouses
Summary
The county approved a one‑year extension for Warehouse 1 at $5,000/month and a two‑year extension for Warehouse 2 with 5% annual rent increases; commissioners asked staff to verify annual insurance coverage and additional insured status.
Putnam County commissioners approved lease extensions for two warehouses used by Victoria Marine during the Port Authority portion of the April 14 meeting.
Staff said Warehouse 1 currently rents for $5,000 per month and the tenant requested a one‑year extension with no increase; commissioners approved that extension.
For Warehouse 2, Victoria Marine requested a two‑year extension with scheduled 5% rent increases on each renewal year (raising $5,000 to $5,250 on 10/1/2026 and then to $5,512.50 the next year). A staff presenter explained the renewal schedule and commissioners discussed the increase relative to CPI. The board approved the extension.
Commissioners asked staff to verify that the county is listed as an additional insured on tenant policies and to maintain current certificate documentation each year. A staff member said verification would be completed going forward.
Outcome: both lease extensions were approved by voice vote; staff will verify insurance and document renewals per normal processes.
