5/12/2010 11:30:34 PM
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Section 5: OPA Board Subject: Seacrets Lease 4/15/2010 Msg# 738940
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when we do not need them for $40,000.00 a year Don't forget how Seacrets paying the taxes also helps OPA's bottom line. with the exception of the 3% lying along the north property line around the middle of the property that has been encroached on, and paid for by our tenant. Perhaps you could explain. How has Seacrets paid for encroaching on OPA property? Are they paying as a part of the $40,000? If so, how much of the 40 is for the encroachment? Seems to me the entire $10,000 increase could be easily applied to the encroachment for a net parking amount increase of zero. What is the space on OPA property used for bathroom facilities, customer seating, storage facilities, and a sound barrier wall worth? Possibly more than $10,000 a year, meaning the amount for parking could now be less? Given your extensive experience in the business world and leases, what are those facilities worth to Seacrets? By the way, today I looked at the survey done last year and the encroachment is on OPA's south property line (Seacrets north) and at the bay, not in the middle. |
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For reference, the above message is a reply to a message where: Nancy: "Do we ...or do we not have full use of all the property that we own in the middle of the day" Yes, with the exception of the 3% lying along the north property line around the middle of the property that has been encroached on, and paid for by our tenant. That said, what use other than parking do you have in mind? Nancy, we have approximately 39 parking spaces at our bayside property. We rent the use of those spaces to Seacrets at night when we do not need them for $40,000.00 a year. Marty |
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