File #: ID 2017-552    Version: 1 Name:
Type: Discussion and Possible Action Status: Agenda Ready
File created: 8/16/2017 In control: Community Redevelopment Agency
On agenda: 8/21/2017 Final action:
Title: ACE HARDWARE - DISCUSSION OF LEASE TERMS.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio/Video
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TO:                     Chair and Members of the Board

 

FROM:                     Samuel A. May, Executive Director

 

DATE:                     August 21, 2017

 

 

Title

ACE HARDWARE - DISCUSSION OF LEASE TERMS.

Body

 

BACKGROUND: At the December 13, 2016 meeting, the Board approved entering into a new lease with MacClean and Ballard Hardware d/b/a Ace Hardware which occupies adjoining bays 5823, 5833, and 5841 Margate Blvd. for a term of five (5) years with a renewal option for an additional five (5) year term and a twelve (12) month out clause. The renewed lease began on April 1, 2017 ending March 31, 2022 with the renewal option commencing on April 1, 2022.    

 

At the request of Mr. Tropepe, he would like to discuss the terms of his lease with the Board at the August 21, 2017 meeting.  

 

 

RECOMMENDATION:  Discuss and provide direction.

 

 

FISCAL IMPACT:  N/A                     

 

 

CONTACT PERSON: Kim Vazquez, Project Manager