The City of Annapolis Economic Matters Committee met on September 17, 2025, from 6:34 PM to 7:19 PM. The committee considered three lease ordinances and received an economic development update. Key actions included favorable recommendations for two boat show leases and postponement of the Market House lease for further negotiation.
December 17th meeting of economic matters here in the chamber is myself and Alderman Savage. Can I first get an approval of the agenda? So moved. I will second. All in favor. Aye. Up next, can I get an approval of our July 16th minutes? So moved. Second. Aye. Aye. Up first. Oh, 3225 lease of city property at uh 3225, lease city property uh 2031 to 2036 fall boat shows. Do anyone from the staff? Actually, I think we have three people here from boat show. Come on up, Mary. Come on up. Take our assignments. Yep. Yes, I think we would just say. Wouldn't mind uh introducing yourselves for the record and testifying a little bit to 032 25. Matt Flinner, director of central services. Ashley Leonard, Assistant City Attorney. Mary Ewenson, President United States YOT Shows. Sure. I can give an overview. Um these are this particular one, 032 25, is for the two 2031 through 2036 fall vote shows. Um it's a new brand new lease that will take over when the current lease expires. Um it is substantially similar to the lease that's currently in place. However, we have attempted to rework it to make it more readable, more manageable, and to address um various issues that have come up over the last five plus years that we've worked out informal solutions for, and we're now we're sort of more formalizing those solutions, so to speak. Um the rent is staying um the same format, the same setup, which is um a base amount, a minimum base amount that is escalated annually, or a certain percentage of gross revenues. Um none of that has changed. City fees are still incorporated in here and still being escalated annually. Uh the premises is generally the same, but we have allowed flexibility and language in here to adjust things like move in, move out dates, um, expand reducing the premises by either party, shifting the premises, just to acknowledge the fact that we are going through significant amount of construction in the the least premises area, and at this point we're not sure how that will all shake out. So we did add some flexible language in there to adjust this post-construction. So city dock construction. I certainly hope will be uh completed by 2031. Yes, yes. I mean, that's the hope. But since we're but since we are putting this up now, and since that's still a work in progress, that could have change orders and shifts. We have to allow for some flexibility that will be adjusted as we go. All right. Alderman Savage, do you have any questions on this? Um, so uh all right, so this in total, if it's renewed. It would go through 20 the end of 2040. So it'll go through the 2040 vote show. Okay. Um that's the best three additional five-year terms. No, um, no. So this one, it goes um, I'm looking at the so the initial term will be um for one year for 2031.