1. Town Center Lease Agreement

2. Background
Palm Coast Arts Foundation (PCAF) Requested Lease Agreement for City Property in Town Center
PCAF Reasons for Lease Request
Fundraising
Grants
Shared Goal of Simple Lease Agreement, Long Term Lease once Construction is Imminent

3. Lease Agreement Key Terms
5 Year Term with Possible 5 Year Extensions
Terminate upon filing of a Building Permit
At that time, Long Term Lease Negotiated
Property shall be used to Erect Signage
City Council may Terminate Lease with 3 Days Notice