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8. Deerfield Beach Leading the Way in Protecting Quality of Life |
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Deerfield Beach has the unique crossroads opportunity to utilize the Pier Restaurant as the starting point in leading the way in protecting the Quality of Life of the Public. Developers have for too long controlled the destiny of Florida. The public has not been heard above the high priced development industry's hired gun attorneys, land use planners, architects and traffic consultants. Municipal government's false allure to a monopoly board mentality that wants to cover everything with buildings has lead to more traffic congestion, and less safe and convenient access to the beach and ocean. Quality of life has suffered. |
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9.
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The proposed Bounis' Lease extension and Lease Site Plan are bad economics. If the City Manager, developer Mayor and the Commissioners are going to sell out the public, don't do it so cheaply. The economic terms of the Bounis' lease extension and site plan are hugely favorable to Bounis, and sell the public out cheaply. A lease with such a long term (54 years) and for such inexpensive rent ($8,333 per month, with very modest increases only occurring after long periods of time) is worth a fortune. What gives Bounis the entitlement to such a favorable lease deal? Who entitled Bounis to such a fortune from such a vital beach asset of the City of Deerfield Beach? What gives Connelly the right to make a deal with Bounis or anyone else, where he is bargaining the City's beach asset? And, by the way, since this Pier Restaurant is a public asset, shouldn't Connelly disclose the deal he is making with Bounis? If the City Manager, developer Mayor and the Commissioners want to sell the City out, why are they doing it so cheaply? In September 2002, Connelly had his site plan approved and is obligated to pay more in rent under that lease for a 5,104 square foot restaurant than Bounis is offering for a 2 story, over 18,000 square foot restaurant complex. The City is only obligated to Connelly for approximately 14 more years under a bad lease that Connelly has not even performed under. The City should take this valuable beach asset back because Connelly has not performed. The public can see a bad economic deal when it is presented with one. In fact, the public can smell this bad deal. If the City Manager, the developer Mayor and the Commissioners are going to sell out the public, at least they should commission an independent study to see how much many dollars per square foot commercial restaurant space is renting for on the ocean, and it will reveal that the Bounis' deal is one very lucrative deal to Bounis and a very bad economic deal for the public. |
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