P3 Comprehensive Agreement Workshop

Lake Park Town Commission, Florida Public Private Partnership (P3) Comprehensive Agreement Workshop Wednesday, July 19, 2023 at 6:00 PM Commission Chamber, Town Hall, 535 Park Avenue, Lake Park, FL 33403 Roger Michaud — Commissioner Kimberly Glas-Castro — Vice-Mayor John Linden — Commissioner Mary Beth Taylor — Commissioner Judith Thomas — Commissioner Bambi McKibbon-Turner — Assistant Town Manager/HR Director Thomas J. Baird, Esq. — Town Attorney Vivian Mendez, MMC — Town Clerk PLEASE TAKE NOTICE AND BE ADVISED, that if any interested person desires to appeal any decision of the Town Commission, with respect to any matter considered at this meeting, such interested person will need a record of the proceedings, and for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. Persons with disabilities requiring accommodations in order to participate in the meeting should contact the Town Clerk’s office by calling 881-3311 at least 48 hours in advance to request accommodations. CALL TO ORDER/ROLL CALL 6:04 P.M. PRESENT Mayor Roger Michaud Vice-Mayor Kimberly Glas-Castro Commissioner John Linden Commissioner Mary-Beth Taylor Commissioner Judith Thomas PLEDGE OF ALLEGIANCE Led by Mr. Peter Baytarian Regular Commission Meeting July 19, 2023 Page 1 SPECIAL PRESENTATION/REPORT: 1. Presentation of the Projected Fees, Lease Payments, or Service Payments Which Constitutes Exhibit F to the Comprehensive Agreement for the Public-Private Partnership [P3] Development Project for the Lake Park Harbor Marina Mr. Don Delaney explained the item (see Exhibit "A"). Commissioner Linden asked what happens at end of the 99 year lease. Mr. Delaney explained that ownership of the leased properties will go back to the Town. Commissioner Linden requested confirmation that after 2033 when everything owed will have been paid, would there just be an income stream at that point. Mr. Delaney confirmed this to be true and also spoke about future revenues that will come from potential marina extensions. Mayor Michaud asked about P3 lease payments to begin in 2037. Mr. Delany stated that the figure cited is merely a placeholder and the figure could change based on how many slips are obtained and what the revenues are. Commissioner Thomas asked who will be responsible for maintenance after 30 or 40 years. Mr. Delaney stated the P3 partner will be 100% responsible for maintenance and insurance. Commissioner Thomas asked how the Town will know what improvements or changes are being implemented. Mr. Delaney stated that any changes will have to come through the Town for permitting. PUBLIC COMMENT: This time is provided for addressing items that do not appear on the Agenda. Please complete a comment card and provide it to the Town Clerk so speakers may be announced. Please remember comments are limited to a TOTAL of three minutes. None TOWN ATTORNEY, TOWN MANAGER, COMMISSIONER COMMENTS: None Exhibit A