Title of Item:
MULLIGANS LEASE ASSIGNMENT (RC):
RESOLUTION No. 43-2021; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA AUTHORIZING THE ASSIGNMENT OF THE AMENDED LEASE AGREEMENT PREVIOUSLY ENTERED INTO BETWEEN THE CITY OF STUART AND MULLIGANS STUART ACQUISITION, LLC FOR LEASE OF THE PROPERTY AT 131 SW FLAGLER AVENUE TO S & C RESTAURANT GROUP, LLC FOR THE BALANCE OF THE LEASE TERM WHICH IS SET TO EXPIRE ON APRIL 30, 2038; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
Summary Explanation/Background Information on Agenda Request:
Mulligans Stuart Acquisition, LLC desires to enter into an Assignment and Assumption of Lease Agreement with S & C Restaurant Group, LLC, which plans to continue operating as a restaurant at this location for the remainder of the lease with an effective date of April 12, 2021.
Funding Source:
N/A
Recommended Action:
Adopt Resolution 43-2021. | | |