There’s not a whole lot coming up at St. Pete City Council this Thursday. Council members will vote on just two items including a new 10-year lease for O’Neil’s Marina to continue operating on city-owned waterfront land.
O’Neil’s has been operating a marina in South St. Pete next to Maximo Park since 1954. The business has been renewing its lease every five years, but is now asking for a longer lease to warrant needed improvements.
Under the new deal, O’Neil’s would pay a minimum $7,500 rent. They would also have to fork over 10 percent of most revenues for the first five years of the lease and then 15 percent of certain revenues, excluding retail sales, during the second half of the term. O’Neil’s will also continue providing a boat slip for the St. Pete Fire and Rescue’s rescue vessel.
Under the agreement O’Neil’s is required to make several improvements to the property. That includes dredging of the inlet channel and marina basin to make it more usable, replacing the sea wall on the south side of the marina, improvements to the parking area, a new roof on portions of the center dock and other miscellaneous continued repairs on existing structures.
The total of improvements required is $625,000 over the first six years of the contract.
The only other item on the agenda is an agreement to extend licensed use of a concession stand at Bartlett Park for a youth football organization.
This week’s meeting is at 8 a.m. at City Hall in Council chambers. It’s also broadcast on St. Pete TV. But be careful, blink and you might miss this one.
