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Updated: 07/09/2014 08:00:03AM

Punta Gorda tax rate expected to decline slightly

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The Punta Gorda Community Redevelopment Agency approved a lease with a local entrepreneur to re-open a Ship’s Store in Laishley Park Marina building.

Rent proceeds to the city’s Marina Fund will be $1,200 per month for the first two years, $1,500 a month for the next two years with a 3 percent inflator after the four-year period. The Ship Store proprietor will also assume management of the bike loaner program at the facility. Opening is scheduled for Oct. 1.

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