I only have seen one lease and don't know what property you are talking about.

There is another lease with Seacrets for use of a portion of OPA's oceanside parking lot. It was an inquiry about this that led to my discovery of the tax only being created by the lease. I asked if Seacrets was paying the tax on the ocean front property as well. The answer was, "Yes." I then asked the amount Seacrets paid and was told $25,000. Next I asked how much OPA pays since Seacrets only uses a part of the property. Answer -- Seacrets pays the entire tax.

Then I asked why the real estate tax on a block of ocean front property was only $25,000 and a 100' parcel bayside had a tax of $33,000 at the time in question.

It was a little like pulling teeth, but the bit about our tax exempt status finally came into the discussion and the fact that the lease itself is the reason for the tax. Seacrets only leases a part of the ocean front property and the tax of $25,000 is only for that small portion.

The ocean side lease was originally for only a year at a time, from all I can see thus far. I have a lease dated March 9, 2005 - one year at at rate of $30,000. It leases the southerly 1/4th of the OPA ocean side parking lot. I don't know how many spaces this represents.

On April 19, 2006 another lease for ocean side was signed for a period of five years. The 1/4th area remained the same. The lease amount began at $36,300 and will end at a rate of $53,145 in 2011.