SUBJECT:
Title
A Resolution of the Board of Commissioners of the Town of Erie Urban Renewal Authority Approving Lease Agreement with Ryno Retail, LLC for 150 South Briggs Street
Department
DEPARTMENT: Economic Development
Presenter
PRESENTER(S): Jack Hill, Business Development Specialist
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Time
TIME ESTIMATE: 0 minutes
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Fiscal
FISCAL SUMMARY:
TOEURA will receive an additional $6,680 in rental income over the term of the lease.
Policy
POLICY ISSUES:
The TOEURA Board approves lease agreements for property the Authority owns.
Recommendation
STAFF RECOMMENDATION:
Approve the resolution to enter into a Lease Agreement with Ryno Retail, LLC d/b/a Plum Creek Garden Market.
Body
SUMMARY/KEY POINTS
* Plum Creek Garden Market is interested in a lease at 150 S. Briggs Street.
* This business activates the TOEURA-owned site while a new developer is identified.
* This also generates revenue on a TOEURA-owned site while a new developer is identified.
BACKGROUND OF SUBJECT MATTER:
TOEURA purchased the property at 130 Wells Street from Diana Shannon Living Trust in 2025 with the intent of developing a commercial building with a private developer. This is the typical site of the seasonal Plum Creek Garden Market during the late spring and early summer months. The development timeline for 130 Wells Street is moving at a faster pace than 150 South Briggs Street, thus staff are proposing to move the Plum Creek Garden Market to this alternative site in the Old Town URA. This effort would activate the site while a new development partner is identified for 130 Wells Street, offset the Town's operating costs, and bring a well-established garden market to Downtown as has been customary since 2021.
Town staff proposes entering into a Lease Agreement with Ryno Retail, LLC d/b/a Plum Creek Garden Market for four months at a monthly rental amount of $1,670. If approved, Plum Creek Garden Market will operate at 150 Sou...
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