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Awarded contract·Pinellas County·Florida

Lease, Operation & Maintenance - Belle Harbour Marina

Won by Sea Bass, LLC$4.7MSingle Award
Contract source

Awarded vendors

  • Sea Bass, LLC

Description

The contract is for the lease, operation, and maintenance of the Belle Harbour Marina, located in Tarpon Springs, Florida. The vendor, Sea Bass, LLC, will provide marina services, including slip rentals, boat rentals, merchandise sales, and fuel sales. The contract term is 15 years, with two optional 5-year extensions. The vendor will pay a guaranteed monthly rate of $1,000 and a percentage of gross sales, excluding fuel sales. The contract includes provisions for maintenance, repairs, and improvements to the marina. The vendor must comply with all applicable laws, regulations, and ordinances, and must maintain insurance coverage as required by the contract. Key aspects of the contract include: * Lease term: 15 years with optional 5-year extensions * Monthly payment: $1,000 guaranteed rate plus percentage of gross sales * Maintenance and repairs: Vendor responsible for maintenance, repairs, and improvements * Insurance: Vendor must maintain comprehensive general liability, workers' compensation, and other insurance coverage as required * Compliance: Vendor must comply with all applicable laws, regulations, and ordinances

Attached files

Key dates

Starts
11/1/2011
Ends
10/31/2026Renews
Duration
15 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Hospitality and Tourism
NAICS
713930
Solicitation №
101-0121-R

Contract value

$4,650,510

The contract value can be estimated based on the projected revenue to the County over the 5-year period, which is approximately $195,051. The total contract value over the 15-year term, including the optional extensions, can be estimated to be around $1,950,510, assuming similar revenue projections for each 5-year period. Additionally, the contract includes a guaranteed monthly rate of $1,000, which translates to $180,000 per year, or $2,700,000 over the 15-year term. The total estimated contract value, including the guaranteed monthly rate and the projected revenue, is approximately $4,650,510.

AI estimate from the award documents

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