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HomeMy WebLinkAbout09-007 AGENDA BILL CITY OF BREMERTON CITY COUNCIL BILL# 0'1-007 DATE SUBMITTED: December 17,2008 ........................................................................................ SUBJECT: Lease Agreement with Community Theatre, Inc. I I ) " Committee Meeting Date: January 14,2009 COUNCIL MEETING Date: January 21,2009 Department: City Attorney's Office Presenter: Roger A. Lubovich Phone: 473-2345 SUMMARY: The Bremerton Community Theatre, Inc. (BCT) leases the building at 599 Lebo Boulevard. The current lease expires December 31,2012, however BCT is proposing an addition to the building and desires to renegotiate the terms of the lease prior to constructing the improvement. The proposed lease is for twenty years and will expire on December 31, 2028 unless otherwise extended by mutual agreement. ATTACHMENTS: Proposed lease FISCAL IMPACTS (Include Budgeted Amount): There is no direct fiscal impact for this lease. In exchange for the use of the building, the BCT will construct the addition, maintain and repair the building and improvements, provide janitorial service, insurance and pay all utilities associated with its use. The City also will receive use ofthe premises in accordance with the terms of the lease. APPROVALS: DEPARTMENT DIRECTOR: CITY ATTORNEY: FINANCE DIRECTOR: MAYOR: COMMITTEE CHAIR COUNCIL PRESIDENT: CONSENT AGENDA ~ GENERAL BUSINESS 0 PUBLIC HEARING 0 RECOMMENDED MOTION: Move to approve the lease agreement with the Bremerton Community Theatre for the building and improvements located at 599 Lebo Boulevard and authorize the Mayor to finalize and execute the lease with substantially the same terms and conditions as presented. COUNCIL ACTION: lpprove o Deny 0 Table o Continue 0 No Action