Common Contracts
1 similar General Terms contracts
Ground Lease Proposal – The LandingsGeneral Terms • September 9th, 2020
GENERAL TERMS: PARTIES: Landlord – City of Clearwater (the “City”)Tenant – Harrod Properties, Inc., or its assigns (“Tenant”) PROJECT: The Landings Corporate Center (to be built +/ 710,000 SF – Class A - tilt wall industrial project) (the “Project”). GROUND LEASE PARCEL: That portion of the current Landings Golf Course located along Keene Rd. in Clearwater, FL (the “Leased Premises”) is outlined on the aerial photograph attached hereto as Exhibit “A”, consisting of approximately 57.11 acres (including 5.99 acres of stormwater ponds), which shall be superseded by a metes and bounds survey prior to the effective date of the Ground Lease. INITIAL GROUND LEASE TERM: 65 years RENEWAL OPTIONS: Tenant shall have three successive 10-year renewal options. REMAINING GOLF COURSE: The City will enter into a direct lease with the Huston family for the12.22 acre site that will remain for golf use. PARKLAND BUFFER AREA: The City has indicated that the approximately 8.31 acre subparcel shown on Exhi
