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File #: 20-434    Version: 1
Type: Action Item Status: Agenda Ready
File created: 10/23/2020 In control: Urban Renewal Agency
On agenda: 11/9/2020 Final action: 11/9/2020
Title: Retail lease for Agency-owned property located at 311 Commercial Street NE. Ward(s): 1 Board Member(s): Kaser Neighborhood(s): CANDO Result Area(s): Good Governance; Welcoming and Livable Community.
Attachments: 1. Proposed Lease
Related files:

TO:                      Urban Renewal Agency Board   

THROUGH:                      Steve Powers, Executive Director  

FROM:                      Kristin Retherford, Urban Development Dept. Director

 

SUBJECT:

title

 

Retail lease for Agency-owned property located at 311 Commercial Street NE.    

 

Ward(s): 1  

Board Member(s): Kaser    

Neighborhood(s):  CANDO

Result Area(s):  Good Governance; Welcoming and Livable Community.    

end

 

ISSUE:

 

Shall the Urban Renewal Agency authorize the Executive Director to execute the attached lease for retail property with the City of Salem?   

 

RECOMMENDATION:

recommendation

 

Authorize the Executive Director to execute the attached lease for retail property with the City of Salem.   

 

body

SUMMARY:

 

The Salem Public Library needs space for artisans to rehabilitate its miniature doll house.  The space is vacant.     

 

FACTS AND FINDINGS:

 

Key terms of the Lease are below.

 

Term:                                                               7 ½ months, November 15, 2020 - June 30, 2021

Lease Rate:                                          No cost.

Square Feet:                                          208   

 

 

BACKGROUND:

 

In March 2019, the Agency acquired property in the 300 block of Commercial Street NE for future redevelopment. The property was acquired using Riverfront-Downtown Urban Renewal funds.  The property is scheduled for redevelopment in July 2021.  

 

 

                     Clint Dameron    

                     Real Property Services Manager   

 

Attachments:

1.  Proposed Lease