To

Mayor and Council

Subject

Rent Waived in Lieu of Relocation

Initiator

Community Reinvestment

Recommendation

Approval is requested to enter into a Lease Agreement for waiver of rent in \n \n lieu of relocation with tenants on South Lumpkin Road, property formerly owned \n \n by Clyde Wrenn. The tenants will assume all responsibility for payment of any \n \n and all maintenance required on the existing building for the lease period.

Approval

Approved

Background

There is historical precedent of rent being waived in lieu of relocation that

was processed as an administrative action. This action will allow three

businesses and a church to search for a new location, utilize the waived rent

to pay security deposits and first and last months rent, etc. It is

anticipated this action will assist these small businesses to remain in

business.

Analysis

The terms of the agreement is that the tenants will pay all maintenance

required on the existing building, they will keep the grounds clean, they will

provide an insurance policy covering liability, and they will vacate the

building for the lease period. This action is in the best interest of the

City.

Financial Considerations

The total rent that will be waived is $1,550.00 per month.

Projected Annual Fiscal Impact Statement

Legal Considerations

Council is to approve rent in lieu of relocation

Recommendations/ Actions

Approve the Resolution to waive rent in lieu of relocation, pursuant to the

terms of the agreement that the tenants will pay all maintenance required on

the existing building; keep the grounds clean, provide an insurance policy

covering liability, for the lease period.

No attachments for this document.