PARKING LICENSE - ANNUAL CPI RENT ADJUSTMENT
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CITY OF CLEARWATER
POST OFFICE Box 4748, CLEARWATER, FLORIDA 33758-4748
TELEPHONE (727) 562-4750 FAX (727) 562-4755
PUBUC WORKS
ADMINISTRA nON
MAY 2,71003
May 27, 2003
Mr. Steven M. Book, CHA
General Manager
Holiday Inn Sunspree Resort
715 South Gulfview Boulevard
Clearwater Beach, FI. 33767-2649
RE: Annual CPI rent adjustment - Parking license
Dear Mr. Book:
Enclosed herewith is a copy of the Consumer Price Index - All Urban Consumers,
documenting an annual CPI increase of approximately 2.6% between January 2002 and
January 2003.
The existing License Agreement between Lane Clearwater and the City of Clearwater
governing the use of certain parking premises requires an annual rent adjustment based
on the change in the most recent January - January CPI index, with the minimum
annual rent adjustment established at 3%.
Based on the foregoing, the rent due each quarter commencing October 1, 2003 and
extending through September 30, 2004 will be $990.14 plus 7% sales tax for a totally
quarter payment of $1,059.45. That amount reflects a 3% adjustment of the current
$1,028.59 quarterly rent, including sales tax.
Please adjust your records accordingly. Contact me at 562-4754 if I may be of further
assistance.
Sincerely,
Earl Barrett
Real Estate Services Manager
cc: Tracey Bruch, Parking Facility Manager
Susan Stephenson, Documents & Records Supervisor
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BRIAN J. AUNGST, MAYOR-COMMISSIONER
WHITNEY GRAY, COMMISSIONER HOIT HAMILTON, COMMISSIONER
FRANK HIBBARD, COMMISSIONER * BILL]ONSON, COMMISSIONER
"EQUAL EMPLOYMENT AND AFFIRMATIVE ACTION EMPLOYER"