FACILITIESRENEWED

City of Stuart AgendaPacket Regular Meeting of the Stuart City Commission 2025-11-24

City extends Flagler Center lease with Stuart Main Street

City of StuartSTUART MAIN STREET ASSOCIATION INCNovember 24, 2025

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Description

The City of Stuart plans to renew and amend its Absolute Triple Net lease with Stuart Main Street Association, Inc. for the Flagler Center at 201 SW Flagler Avenue. The amendment extends the final renewal term through September 30, 2029 to align with the City’s fiscal year and other Stuart Main Street agreements, with Stuart Main Street continuing to manage the facility as an event and office space under triple‑net terms.

Contract Details

Vendor

STUART MAIN STREET ASSOCIATION INC

Agency

City of Stuart, FL

Contract Type

FACILITIES

Document Date

November 24, 2025

Contract Term

Final renewal term January 1, 2026 – September 30, 2029 (three years plus nine months)

Renewal Date

2029-09-30

Renewal Info

Original lease: 36‑month term from January 1, 2020 with two additional three‑year options (Resolution 61‑2019). First renewal term approved for January 1, 2023 – December 31, 2025 via Resolution 106‑2022. Second renewal option exercised for January 1, 2026 – December 31, 2028 and now amended to extend through September 30, 2029 so the lease renews on the same cycle as other Stuart Main Street agreements; lease and Market on Main renew every three years, while Rockin River Walk and the contribution/service agreement renew annually.

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