PARKING AGREEMENT (2)AGREEMENT
IN CONSIDE TI of the terms set forth in this agreement made and entered
into this � day of 11, subject to all applicable pravisians of the Clearwater
Community Redevelopm�nt Agency, a body politic and corporate under the laws of the
State af Flarida (hereafter "CR.A"), and as an inducement to rErnain within, and to
provide employment within the CR.A Business District of Dawntown Clearwater, a
parking incentive (hereafter " Parking Agreement") to be made available to Sports
Facilities Advisory.
AS A PROVISION of the Parking Agreement, the parties agree as follows:
l. Sports Facilities Advisory has located and wili maintain its headquarters inside
the CR.A Downtown Business District for the term of this agreement.
2. The term af this agreement will not to exceed forty-eight rnonths (48) from the
dat� of execution of the parking agreement.
3. Confirmation of at least seven (7) full-time employees at its business address
within the CRA Downtown Business District is required priar to assignment of
parking spaces. This is to be verified by a notarized letter from the Owner/COO
of Sports Facilities Advisory and confirmed by payroll reports shawing corporate
aruival payroll at $329,000.
4. The Parking Agreement will be reviewed semi-annually during the term of the
agreement by CRA/Econarnic Development staff for compliance. At Year Qne
(1) review, 2012, if staffing levels fall belaw eight (8) employees or corporate
average annual wages aze below $369,724 the agreement shall be in default.
Sports Facilities Advisory has three (3) months from date of review to bring the
agreement into compliance.
5. At Year Two (2) review, 2013, if staffing levels fall below ten (10) emplayees or
corporate average annual wages are below $463,390 Sports Facilities Advisory
has three (3) months from date of review to bring the agreement into compliance.
6. At Year Three (3), 2014, if staffing levels fall below ten (10) employees or
corporate average annual wages are below $463,390 Sports Facilities Advisary
has three (3) rnonths from date af review to bring the agreement into compliance.
7. At Year Four (4) review, 201 S, if staffing levels fall below ten (1 Q) employees or
corporate average annual wages are below $463,390 Sports Facilities Advisory
has three (3) months from date of review to bring the agreement into compliance.
8. In the event that Sports Facilities Advisory fails to comply with the terms of this
Parking Agreement or terminates its lease agreement, for any reason, the Parking
Agreement with the CR.A shall be null and void without further obligation on the
part of the CRA.
9. CR.A and the City parking system will provide three (3) parking spaces at a tax-
exempt cost of forty-five dollars ($45.00) each where designated in the Garden
Avenue Garage for a four-year periad. The estimated value of such spaces sha11
not exceed Six Thousand Four Hundxed and Eighty Dollars ($6,4$p.00).
1 Q. CRA will pay the parking system on a quarterly basis.
11. Sports Facilities Advisory agrees to pay for each refiu�►dable card deposit requir�d
by the City pazking system. Each cardholder will be required to complete a
standazd parking applicatian.
In WIT`NESS WHEREOF, the parties hereto have set their hands and seals the day
and year first hereinabove written.
A o ed to form:
City Attorney
STATE OF FLORIDA
Sports Facilities Advisory
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C�MMUNITY REDEVLOPMENT AGENCY
OF THE CITY OF CLEARWATER, FLORIDA
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BY: , � �%
Frank V. Hibbard
Chairperson
Attest:
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Rosemarie Call
City Clerk
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FL��pp.
COUNTY OF PINELLAS )
The foregoing instrument was acknowledged before me this ��' day af
a�u�+ u�►i2011, by FR.ANK V. HIBBARD, Chairperson of the CR.A, who is
personally known to me.
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Print/'Type Name: / �v� � . ��i�'/
Notary Public
STATE pF FLORIDA
COUNTY OF PINELLAS )
; '�'�;_ DIANE E MANNI
�' '- MY COMMISSION # Db952018
•' �� ,•' EXPIRES March O6, 2014
(407) 389-0153 FloHdsNoferyglnr�,�pm