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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 11/19/2024-REPORTED OUT TO THE FLOOR 11/14/2024-REPORTED OUT TO THE COMMITTEE ON RULES AND JUDICIARY BILL NO. 35-0386 Thirty-Fifth Legislature of the Virgin Islands October 4, 2024 An Act approving the lease agreement between the Government of the Virgin Islands and Star Time Firearms, LLC d/b/a Precision Shooting Range for a portion of Parcel No. 1A Estate Bovoni, Nos. 1 and 2 Frenchmans Bay Quarter, St. Thomas, Virgin Islands to operate a firearm training facility and shooting range, and for other related purposes PROPOSED BY: Senators Novelle E. Francis, Jr., and Dwayne M. DeGraff by Request of the Governor WHEREAS, on August 6, 2024, the Government of the Virgin Islands, acting through 1 the Commissioner of the Virgin Islands Department of Property and Procurement, and Star 2 Time Firearms, LLC d/b/a Precision Shooting Range, entered into a lease agreement for a 3 portion of Parcel No. 1A Estate Bovoni, Nos. 1 and 2 Frenchmans Bay Quarter, St. Thomas, 4 Virgin Islands, consisting of 72,712.61 U.S. sq. ft. or 1.67 U.S. acres more-or-less, of 5 unimproved land, as shown on P.W.D. File No. A3-106-T68; 6 WHEREAS, on September 24, 2024, the Governor of the Virgin Islands approved the 7 lease agreement between the Government of the Virgin Islands and Star Time Firearms, LLC 8 d/b/a Precision Shooting Range; 9 WHEREAS, the premises is leased for an initial term of 20 years, with an option to 10 renew for two additional terms of five years, at an initial annual rent of $48,000 payable in 11 equal monthly installments of $4,000, with a discounted monthly rent of $500 for months one 12 2 through eighteen and $2,500 for months nineteen through thirty-six, to be used to operate a 1 firearm training facility and shooting range, and for other related purposes; and 2 WHEREAS, title 31 Virgin Islands Code, part II, chapter 21, section 205, subsection (c) 3 provides that in addition to the Governor's approval of a lease, the Legislature of the Virgin 4 Islands must also approve the lease; Now, Therefore, 5 Be it enacted by the Legislature of the Virgin Islands: 6 SECTION 1. Pursuant to 31 V.I.C. § 205(c), the Legislature of the Virgin Islands 7 approves the lease agreement between the Government of the Virgin Islands and Star Time 8 Firearms, LLC d/b/a Precision Shooting Range, for a portion of Parcel No. 1A Estate Bovoni, 9 Nos. 1 and 2 Frenchmans Bay Quarter, St. Thomas, Virgin Islands, consisting of 72,712.61 10 U.S. sq. ft. or 1.67 U.S. acres more-or-less, of unimproved land, as shown on P.W.D. File No. 11 A3-106-T68, for an initial 20 year term, with an option to renew for two additional five year 12 terms, at an initial annual rent of $48,000 payable in equal monthly installments of $4,000, 13 with a discounted monthly rent of $500 for months one through eighteen and $2,500 for months 14 nineteen through thirty-six, to be used to operate a firearm training facility and shooting range, 15 and for other related purposes. 16 Bill Summary 17 The bill approves a 20-year lease between the Government of the Virgin Islands and Star 18 Time Firearms, LLC d/b/a Precision Shooting Range for a portion of Parcel No. 1A Estate 19 Bovoni, Nos. 1 and 2 Frenchmans Bay Quarter, St. Thomas, Virgin Islands, consisting of 20 72,712.61 U.S. sq. ft. or 1.67 U.S. acres more-or-less, of unimproved land, as shown on P.W.D. 21 File No. A3-106-T68, to be used to operate a firearm training facility and shooting range, and 22 for other related purposes. 23 BR24-1341/October 3, 2024/GC 24 G35-089/ 25