Lealman Exchange Community Center Services Provider

This contract is for the management and operation of the Lealman Exchange Community Center in St. Petersburg, Florida. The contract is between Pinellas County and St. Petersburg Foundation, a Florida non-profit Foundation 501(c)(3) agency. The contract term is 29 months, with the option to renew for three additional successive terms of five years each. The foundation will be responsible for managing the complex, collecting operating revenues, and paying operating expenses. The county will provide funding for certain expenses, including utilities and contracted services. The contract includes provisions for maintenance and repairs, insurance, and termination. Key aspects of the contract include: * The foundation will manage and operate the Lealman Exchange Community Center * The contract term is 29 months, with the option to renew for three additional successive terms of five years each * The foundation will be responsible for collecting operating revenues and paying operating expenses * The county will provide funding for certain expenses, including utilities and contracted services * The contract includes provisions for maintenance and repairs, insurance, and termination * The foundation will provide audited financial statements to the county on an annual basis * The county will have access to the exchange account, but only if the foundation is in default under the agreement.