SUBJECT:
Title
A Resolution of the Town Council of the Town of Erie Approving an Amendment to the Lease Agreement for 130 Wells Street and 570 Kattell Street
Body
DEPARTMENT: Economic Development
Department
PRESENTER(S): Stephanie Pitts-Noggle, Economic Development Manager
First Name Last Name, Title
FISCAL SUMMARY: $1.00/year lease agreement
POLICY ISSUES:
The policy decision is whether to continue the Town of Erie’s exclusive access and use of this privately-owned property in Downtown Erie for one additional year, providing space for additional community events and placemaking activities.
STAFF RECOMMENDATION:
Recommendation
Approve the amendment to the lease agreement.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Town of Erie entered into a lease agreement with Diana Shannon Living Trust for 130 Wells Street and 570 Kattell Street in Downtown Erie from 2020-2023 to provide a location for the winter ice rink, and eventually the Plum Creek Garden Market. The most recent lease agreement was signed in 2023 and expires Nov. 11, 2024. Resolution 24-153 extends last year’s lease under the same terms and conditions. The property owner supports the extension of the lease, as she does not intend to develop the property this next year, and the Town hopes to activate this site with additional seasonal community and recreational uses. Further, this extension preserves the Town’s first right of refusal for the purchase of the property, if the owner decides to sell within the lease term.
COUNCIL PRIORITY(S) ADDRESSED:
ü Attractive Community Amenities
ü Small Town Feel
ü Effective Governance
ü Fiscally Responsible
ATTACHMENT(S):
1. Resolution 24-153
2. 2024 Amendment to the Lease Agreement
3. 2023 Existing Lease Agreement