SUBJECT: An Ordinance Authorizing the Town of Erie, Colorado, To Enter into Lease Agreement with the Erie Chamber of Commerce for the Lease of Town Property Located at 235 Wells Street; Authorizing and Directing the Appropriate Town Officers to Sign Said Agreement; and Setting Forth Details in Relation Thereto. SECOND READING.
Title
Body
DEPARTMENT: Administration
PRESENTER: Fred Diehl, Assistant to the Town Administrator
FISCAL INFORMATION:
Cost as Recommended: NA
Balance Available: NA
Budget Line Item Number: NA
New Appropriation Required: NA
STAFF RECOMMENDATION: Approval on Second Reading to Authorize the Town of Erie, Colorado to Enter into a Lease Agreement with the Erie Chamber of Commerce for the Lease of Town Property located at 235 Wells Street.
Recommendation
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SUMMARY AND BACKGROUND OF SUBJECT MATTER: In June of 2014, the Town of Erie entered into the most recent Lease Agreement with the Erie Chamber of Commerce for the lease of Town-owned property located at 235 Wells Street in Historic Downtown. The term of the lease was for a three year period terminating on June 30, 2017. At the Chamber’s request, Town Staff has prepared a new Lease Agreement comprised of the same terms as the existing agreement is set to expire.
General terms of the Lease Agreement:
• Property location: 235 Wells Street
• Term to be three years (July 1, 2017 through June 30, 2020)
• Annual rent of $1
The Lease Agreement has been reviewed by the Town Attorney and the Erie Chamber of Commerce has agreed to the terms of the Lease Agreement (see attached).
ATTACHMENTS:
Ordinance
Lease Agreement