Water Park Slides Through Council 21- Year Contract Gets Unanimous Approval
Ron Hurtibise Staff Writer October 17, 1997; Page 01C
DELAND -- The Volusia County Council on Thursday unanimously approved a 21-year lease agreement for Adventure Landing, the family entertainment center that will be the first component in the redevelopment of Daytona Beach's core tourism district.
Doug Daniels, attorney for the developers, said previously the attraction -- featuring a wave pool, water slides, arcade games, a miniature golf course and a Go-Kart track -- should open within 18 months. Under terms of the lease, the county will rent a 6-acre section of what is now the Ocean Center's north parking lot to Adventure Golf and Games Inc., a Delaware corporation with similar attractions in Jacksonville Beach, Orlando and Tallahassee.
Over the first 10 years of the lease, the company will pay the county base rents ranging from $130,000 to $159,430 per year, or 4 percent of the operation's gross revenues, whichever is higher. Over the next 11 years, the rent amounts range from $189,075 to $257,633, or 5 percent of gross revenues.
The county and company will then have four seven-year renewal options that, if exercised, would keep the attraction open until 2047. The county would own the property at the end of the lease period.
In addition, Adventure Landing will pay $124,500 per year to rent 500 spaces in the parking garage slated to be built next to the attraction. Adventure Landing will also get 10,000 square feet on the west side of the garage for storage.
County Manager Larry Arrington called the project -- which still faces permitting by Daytona Beach -- ``the first bird off the wire'' in redevelopment of the beachside tourist district. Projects to follow include the parking garage, the Ocean Walk resort on Atlantic Avenue and expansion of exhibition space at the Ocean Center.
Arrington said the Ocean Center expansion could be built within the garage structure.
Arrington also announced that the county will negotiate a buy-out clause with the eventual garage developer in case Congress decides next summer to fund most or all of the garage's cost with federal transportation dollars.
Original plans to have a private developer finance the project are being reconsidered in light of a $2 million appropriation for the facility approved by Congress last week. Another $2 million in state funds is pending approval of the federal appropriation by President Clinton.
In other developments Thursday, the council:
* Authorized payment of $194,245 to compensate Lloyd Enterprises for the loss of two all-terrain vehicle beach concessions to the habitat conservation traffic-free zone in New Smyrna Beach.
* Heard a request from the Cultural Arts Advisory Board for help in locating money to fund nearly $40 million in capital projects over the next 10 years.
* Delayed plans to construct stormwater swales in the Silver Sands community in Southeast Volusia until residents' opposition to the project is addressed.
* Approved purchase, for $261,230, of new library automation equipment and software that will, among other features, enable residents to browse the county library system's card catalog via the Internet.
* Authorized spending $125,000 for expansion of the Edgewater Public Library parking lot. The project, opposed by council members Pat Patterson, Pat Northey and Ann McFall, will be managed by Edgewater, which owns the library building and land.
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