Subject:
Title
A Resolution of Town Council of the Town of Erie Approving a Sublease Agreement with Ryno Retail, LLC d/b/a Plum Creek Garden Market for 130 Wells Street
Body
Department: Economic Development
Department
Presenter(s): Jack Hill, Business Development Specialist
POLICY ISSUES:
Taking active steps to further activate Oldtown Erie, support local business activity and generate additional revenue to support Town operations.
Staff Recommendation:
Recommendation
Approve the resolution to enter into a Sublease Agreement with Ryno Retail, LLC d/b/a Plum Creek Garden Market.
End
Summary and Background of Subject Matter:
The Town of Erie extended a lease agreement in 2023 with Diana Shannon Living Trust for 130 Wells Street in downtown Erie to provide a location for downtown placemaking activities. To continue activating the site, offset the Town’s operating cost, and bring attractive services/businesses to Downtown, and as we did in 2021, 2022, and 2023, Town staff proposes to enter into a Sublease Agreement with Ryno Retail, LLC d/b/a Plum Creek Garden Market for three months at a monthly rental amount of $1,670. If approved, Plum Creek Garden Market will operate at 130 Wells Street from April 1 to July 17, 2024.
Fiscal Impact: The Town will receive an additional $5,010 in rental income over the term of the sub-lease.
Council Priority(s) Addressed:
ü Attractive Community Amenities
ü Engaged and Diverse Community
ü Prosperous Economy
ü Small Town Feel
ü Fiscally Responsible
Attachment(s):
1. Resolution 24-034
2. Sublease Agreement