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Sarasota News Leader October 19, 2012 rine, which was purchased by Marine Max 10 years ago. The Sarasota property includes the Old Salty Dog waterfront restaurant as a sublease. "We pay about $178,000 in rent and $120,000 in property taxes," said Smith. "We do get credit for capital improvements, but we've spent far more than the credits we've asked for." The lease expires Dec. 12, and the company has one five-year extension option, which would take it to 2017. The total area is seven acres; it has been a marina site since 1968. "We need to have enough lease term to justify making capital expenses. We believe we have been an exemplary tenant," he said. "We are seeking an additional 20 years on top of the five remaining." Page 48 Among the projects Marine Max would like to pursue are an environmentally friendly boat washdown area, new racks for outside stor- age, seawall repairs and a strengthened boat haul-out dock. Commissioners Turner, Snyder and Caragiulo all asked the same question: "Is the rent in the ballpark?" All three expressed "comfort" with the extended duration. "There are so few real marinas that have ac- cess to the Gulf [of Mexico]," said Snyder. "This is infrastructure for people who are here to enjoy our water." Staff was sent away to complete the negotia- tions and return for final commission approv- al. Old school journalism. 21st century delivery. For Advertising Info (941) 227-1080

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