City of Isle of Palms Public Services & Facilities Committee Agenda 2026-06-02
Lease Amendment for Marina Parking Renovation - MARKER116, LLC
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Description
The City of Isle of Palms and MARKER116, LLC executed a First Amendment to their restaurant lease, establishing City-funded marina parking lot renovations, revised parking rights, and updated operational terms. Renovations are scheduled to occur between January and February 2027, with liquidated damages provisions for late completion.
Contract Details
Vendor
MARKER116 LLC
Agency
City of Isle of Palms, SC
Contract Type
FACILITIES
Document Date
June 2, 2026
Contract Term
Amendment effective as of date executed in 2026; construction period January 1, 2027 to February 28, 2027
Renewal Date
2027-02-28
Renewal Info
Lease amended to include parking lot renovations, new schedule, liquidated damages if delayed, complimentary parking during construction, and updated rent terms.
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