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The lease renewal is a "fee waived" lease, which reflects public use and forgoes an annual lease fee that <br />would otherwise be charged by the State. Although there is no annual lease fee associated with the <br />proposed five-year renewal, there is a "one-time" administrative processing fee of $619.00 charged by the <br />State for the five-year lease renewal. <br />Cost and Funding <br />As previously indicated, the lease renewal will result in no annual lease fee. The State administrative <br />processing fee of $619.00 for the five-year lease renewal is proposed to be paid from budgeted Parks <br />Division funds, Account No. 00421072-034970. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners approve the attached sovereignty submerged <br />lands fee waived lease renewal for Boat Club Island (Spoil Island IR -25), and authorize the Board <br />Chairman to sign the lease on behalf of the County. <br />ATTACHMENT: <br />1. Sovereignty Submerged Lands Fee Waived Lease Renewal (including attachments) <br />APPROVED: <br />FOR: <br />February 17. 2015 <br />M:\MANWAC\Boat Club Island\Boat Club Island submerged land lease renewal BCC item 2-17-15.doc <br />2 112 <br />I.R.County <br />Appr.ve <br />Date <br />Admin. <br />1f�A <br />.2111/i.}� <br />Legal <br />W.. <br />1-_71111S <br />Budget <br />f4 <br />Dept . <br />f /h/7 <br />17s <br />Risk Mgr. <br />- --- <br />M:\MANWAC\Boat Club Island\Boat Club Island submerged land lease renewal BCC item 2-17-15.doc <br />2 112 <br />