20-45 Miller Pier Lease Agreement

This contract is for the lease and license of the M. B. Miller Pier and the operation of beach services on the beachfront property. The contract includes provisions for rent, utilities, maintenance, and insurance. The vendor, Coastal Parasail, Inc., will be responsible for operating the beach services and renting the bait and tackle shop. The contract has a term of 5 years and can be renewed for up to 5 additional years. Some key points to note are: * The vendor will pay a base rent of $30,000 per year, plus 12.5% of the gross revenue from beach services. * The vendor will be responsible for maintaining the leased premises and the beachfront property. * The vendor will be required to purchase and maintain insurance, including general liability, workers' compensation, and property insurance. * The contract includes provisions for termination and dispute resolution. • The lease and license agreement includes the use of the bait and tackle shop and the beachfront property. • The vendor will have a non-exclusive easement across the beachfront property for pedestrian access to the bait and tackle shop. • The vendor will be responsible for paying all utilities and operating costs for the leased premises. • The vendor will be required to comply with all applicable laws and regulations.