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Long-Term Marina Restaurant Lease With IOP Families Group

City of Isle of Palms logoCity of Isle of Palms
Document date
Nov 3, 2020
Term
December 2019 – January 31, 2045
Renews
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The 30-second brief

What it covers

The City of Isle of Palms entered exclusive negotiations with IOP Families Group in late 2019 for a long-term triple net lease of the marina restaurant, running through January 31, 2045. The proposed agreement includes base rent starting at $100,000 per year, scheduled increases, and additional percentage rent based on restaurant sales.

Who holds it

Iop Families Group holds this facilities contract with City of Isle of Palms.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Isle of Palms contract.

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Contract details

Contract type
Facilities
Document date
November 3, 2020
Term
December 2019 – January 31, 2045
Renews
Free account
Vendor
Iop Families Group
Agency
City of Isle of Palms
Source document
city-of-isle-of-palms-report-2020-11-03_7e1.pdf (Report)

Iop Families Group's other public contracts

City of Isle of Palms, South CarolinaMarina Restaurant Lease With IOP Families Pending · Oct 7, 2020UndisclosedCity of Isle of Palms, South CarolinaMarina Restaurant Lease Negotiations With IOP Families Group · Aug 12, 2020UndisclosedCity of Isle of Palms, South CarolinaCouncil Considers Marina Restaurant Lease Proposal · Jul 9, 2020UndisclosedCity of Isle of Palms, South CarolinaCity Continues Negotiations On Marina Restaurant Lease · Jul 9, 2020UndisclosedCity of Isle of Palms, South CarolinaIOP Families Group restaurant proposal is pending · Jun 10, 2020UndisclosedAll Iop Families Group contractsVendor profile

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Questions about this contract

Who was awarded the facilities contract by City of Isle of Palms?

Iop Families Group was awarded this facilities contract by City of Isle of Palms, as recorded on November 3, 2020.

What type of contract is this?

This is a Facilities contract, documented as a report record.

Where was this contract approved?

This contract appears in city-of-isle-of-palms-report-2020-11-03_7e1.pdf (Report), dated November 3, 2020 from City of Isle of Palms. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Iop Families Group hold?

Iop Families Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Isle of Palms currently buying?

Explore City of Isle of Palms's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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