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Town Of Eden

Enhancements to Edenton Sail Club and Sail Camp programs. The cost of moorings and their maintenance to be the responsibility of Edenton Yacht Club. Boats to be moved to alternate location when dangerous weather is forecasted - responsibility of Edenton Yacht Club. Not to impact boats mooring at the town dock

The Town intends to ground lease the Project to the Main Street Affiliate for a term of ninety-nine years, lease the Project back from the Main Street Affiliate and then sublease. The proposed consideration to be paid to the Town under the Provalus Sublease is expected to be: (i) for the first five years thereof, $1.00 per square foot of the premises to be leased (i.e., $16,077 per year), (ii) for the second five years thereof, $2.00 per square foot of the premises to be leased (i.e., $32,154 per year) and (iii) for any year after the tenth year thereof, $10.00 per square foot of the premises to be leased, (i.e., $160,770 per year (in the first such year)) plus annual increases based upon increases, if any, in the consumer price index.

Town received $640 to purchase 300 roll out carts for private residences and 16 dumpsters for businesses. This initiative aims to improve recycling efforts and waste management in the town.