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  Item No. 12.       
Meeting Date: 02/13/2020  
COMMITTEE: Legal  
CONTACT: Aaron Holloman CHAIR: Judy Stubbs

ACTION REQUESTED:
Consider approval to authorize Kerry Hunter, an individual, to renew his current lease agreement on Building No. 117.
BACKGROUND:
Initiated by:  Scott Stark/Mark Bleth
 
Kerry Hunter leases the building for the purpose of vehicle storage and maintenance. 4,736 square feet. New rent amount is $580 monthly; $6,960 annually. Rent adjustment is 15%. Kerry Hunter has been a customer since March 1993.
FINANCIAL CONSIDERATION
Kerry Hunter, new rent amount is $580 monthly; $6,960 annually. Rent adjustment is 15%. Term: March 1, 2020 through February 28, 2021.
LEGAL REVIEW:
The City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended approval (4-0) at their meeting on January 23, 2020.
STAFF RECOMMENDATION:
Consider approval of the lease as presented.
Attachments
ATT 1 Kerry Hunter Lease


    

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