Beaumont Yacht Club lease termination approved by City Council

Beaumont Yacht Club lease termination approved by City Council

Tuesday, Oct. 11, Beaumont City Council approved the termination of their lease with the Beaumont Yacht Club at 560 Marina Drive after almost 29 years. I

n February 2016, the City approved a month to month lease agreement for the Beaumont Yacht Club while they were negotiating the sale of the property and appraisal. According to previous council minutes, the City conducted the appraisal for its value and “to establish the amount of rent payments for a long-term lease.” The Beaumont Yacht Club has been renting from the City for $2,500 a month during this interim period.

The Beaumont Yacht Club been leasing from the City since March 1987 and renewed the lease in October 1998. The interim lease went into effect when the most recent lease expired Sept. 30, 2015.

shadow