Title
No Grease Barbershop Lease Renewal
Action
Action:
Adopt a resolution approving a five-year lease agreement renewal with No Grease Barbershop for space at the Spectrum Center.
Body
Staff Resource(s):
Mike Davis, Engineering and Property Management
Tony Korolos, Engineering and Property Management
Explanation
§ No Grease Barbershop has leased Suite D at 333 East Trade Street in Council District 1 since 2008 and would like to renew the lease for an additional five-year term.
§ The current lease for 333 East Trade Street, Suite D, began January 1, 2014 and will end December 31, 2018.
§ The new lease agreement will begin on January 1, 2019 and end December 31, 2023.
§ The terms of the lease agreement are as follows:
- Term: Five years,
- Rate: $18 per square foot,
- Payment: $2,961 per month ($35,532 per year) with three percent annual increases, and
- No Grease Barbershop will be responsible for all utilities.
Fiscal Note
Funding: General Fund
Attachments
Attachment(s)
Map
Resolution