File #: 20-0496    Version: 1 Name:
Type: Motion Status: Passed
File created: 4/6/2020 In control: City Council
On agenda: 4/14/2020 Final action: 4/14/2020
Title: Motion authorizing a build to suit agreement and lease agreement with the Ed Rachal Foundation for the use of the former 50,000 square foot Lamar Elementary School building to be repurposed as a City Office Facility for an annual lease amount of $200,000.00 for the first five years of a 20 year agreement commencing upon completion of remodel construction.
Sponsors: City Manager's Office
Attachments: 1. Agenda Memo - Ed Rachal Foundation Lease Agreement (003), 2. Agreement - BuildtoSuit&Lease (V1)-0410-18-25. Revised BB 4.10.20

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Motion authorizing a build to suit agreement and lease agreement with the Ed Rachal Foundation for the use of the former 50,000 square foot Lamar Elementary School building to be repurposed as a City Office Facility for an annual lease amount of $200,000.00  for the first five years of a 20 year agreement commencing upon completion of remodel construction.