NSBNEWS.net. The New Smyrna Beach City Commission opts to spend $7,500 for an updated appraisal of the neatly 2-acre parcel at 2 North Causeway on the Intracoastal Waterway that the Angler's Club has occupied since 1942 under provisions of a 99-year lease that in the past two years has been called into question by several vocal residents. The commission entertained an offer from the Anglers to purchase the property outright for $795,000, which would end the lease agreement. The commission, however, pressed by Angler critics, held off Tuesday night in favor of obtaining an updated appraisal. The city maintains the lease is valid, but an outside attorney hired by the commission last year said the lease was not valid. The city and the Anglers have been in talks since in an effort to avoid potential costly litigation for both sides.