RFP-2025-07_Milton_Marina_Waterfront_Development_Opportunity_-_Addendum_2_FLDEP_States_Lands_Lease_Renewals_-_exp_2031.pdf

This document is a Sovereignty Submerged Lands Lease between the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida (Lessor) and the City of Milton, Florida (Lessee) for the River Run Marine & Sports, Vacant - Dry Storage location. The lease is for a parcel of sovereignty submerged land in Section 3, Township 1 North, Range 28 West, Quinn Bayou, Santa Rosa County, Florida. The lease term is from September 23, 2021, through September 23, 2031, with the option for renewal. The property is specifically authorized to be used for constructing and operating a 28-slip commercial docking facility exclusively for mooring recreational and commercial vessels, with a supporting facility that meets regulatory requirements.

The lease requires an initial annual fee of $2,268.97, plus sales tax, with subsequent annual fees to be adjusted pursuant to Florida Administrative Code provisions. The lessee must maintain separate accounting records for gross revenue derived directly and indirectly from the leased premises, and submit an annual wet slip revenue report. The lease includes specific conditions such as maintaining a portable pumpout facility, informing wet slip occupants about sewage discharge regulations, installing navigation markers and lighted aids, and ensuring all vessels using the premises are maintained in a fully operational condition. The lease also stipulates that a minimum of ninety percent of the wet slips must be available for rent to the general public on a "first come, first served" basis.