Subject:
Title
Second Amendment to License Agreement with Pinellas Farmers Market, LLC.
Body
Recommended Action:
Approval and execution by the County Administrator of the Second Amendment to License Agreement (Amendment) with Pinellas Farmers Market, LLC (Licensee) for the use of a portion of the parking lot located at 13600 ICOT Boulevard, Largo, FL 33760 (Location) as specified in Exhibit A.
• Licensee has an established history of operating a flea and farmers market at the Location and has garnered significant public support and loyalty.
• License permits Licensee to operate a flea market on a portion of a County owned parking lot at 13600 ICOT Boulevard.
• This Amendment extends the License term to December 31, 2024 with a monthly fee of $5,000.00 and updates Exhibit B, Insurance Requirements.
• The fiscal impact for FY24 is revenue of $20,000 and is not included in the FY24 Budget. The fiscal impact for FY25 is an additional revenue of $15,000 and will be included in the FY25 Proposed Budget.
Strategic Plan:
Deliver First Class Services to the Public and Our Customers
5.1 Maximize partner relationships and public outreach
5.4 Strive to exceed customer expectations
Summary:
Approval and execution of the Amendment will provide the Licensee a license term extension to December 31, 2024, updates the insurance requirements as specified in Exhibit B, and provides $35,000 in unanticipated revenue to the General Fund.
Background/Explanation:
The County recently acquired the property at 13600 ICOT Boulevard, Largo, FL 33760. The previous owner of 13600 ICOT Boulevard and the Licensee had an agreement granting the Licensee permission to operate a flea and farmers market during the weekends on a portion of the parking lot, as specified in Exhibit A.
On December 1, 2023 a license for a three (3) month term and $5,000.00 monthly fee was granted to the Licensee as an accommodation by the County.
On January 31, 2024 a First Amendment to License Agreement was entered into extending the license term to May 26, 2024.
This Amendment extends the license term to December 31,2024 with a $5,000.00 monthly license fee, updates the insurance requirements, and provides $35,000 in unanticipated revenue in the General Fund.
Fiscal Impact:
The fiscal impact for FY24 is revenue of $20,000 and is not included in the FY24 Budget. The fiscal impact for FY25 is an additional revenue of $15,000 and will be included in the FY25 Proposed Budget.
Delegated Authority:
Authority for the County Administrator to sign this License is granted under Code Section 2-62(a)(5).
Staff Member Responsible:
Diana Sweeney, Deputy Director, Department of Administrative Services
Partners:
Pinellas Farmers Market, LLC
Attachments:
Second Amendment
First Amendment
License Agreement
Exhibit A
Exhibit B
Pinellas Farmers Market COI
Location Map