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  Item No. 13.       
Meeting Date: 03/12/2020  
COMMITTEE: Legal  
CONTACT: Aaron Holloman CHAIR: Judy Stubbs

ACTION REQUESTED:
Consider approval to authorize Thurston Woods, an individual, to renew his current lease agreement on a portion of Building No. 1776.
BACKGROUND:
Initiated by:  Scott Stark/Mark Bleth
 
Thurston Woods, leases a portion of the building for the purpose of storage. 1798 square feet. New rent amount is $210 monthly; $2,520 annually. Rent adjustment is 15%. Thurston Woods has been a customer since April 2010.
FINANCIAL CONSIDERATION
Thurston Woods, new rent amount is $210 monthly; $2,520 annually. Rent adjustment is 15%. Term: April 1, 2020 through March 31, 2021.
LEGAL REVIEW:
The City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (3-0) approval at their meeting on February 27, 2020.
STAFF RECOMMENDATION:
Consider approval of the lease as presented.
Attachments
ATT 1 Woods Lease


    

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