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HomeMy WebLinkAbout09/16/2015 7A AGENDA BILL CITY OF BREMERTON CITY COUNCIL � SUBJECT: First Amendment to Community Study Session Date: 9/9/15 Theatre Lease COUNCIL MEETING Date: 9/16/15 Department: Legal Presenter: Wyn Birkenthal Phone: 473-5752 SUMMARY: In October 30, 2002, the City and the Community Theatre entered into a Lease Agreement for the Community Theatre's operation and maintenance of the Community Theatre. In 2009, the City and the Community Theatre entered into a new Lease Agreement extending the term until December 31, 2028 to construct an addition to the existing building. The Community Theatre has now been approved for a $325,000.00 grant to make improvements to the Community Theatre. In order to receive this grant for the improvements, the lease is being is extended, with options, to December 31, 2045. ATTACHMENTS: 1) First Amendment to Community Theatre Lease 2) Community Theatre Lease executed 2009 3) Historical Background Information 4) 2015 Keith Biricenfeld Memorial Trust Grant Application FISCAL IMPACTS (Include Budgeted Amount): None STUDY SESSION AGENDA: ❑ No Presentation ❑x Full Presentation STUDY SESSION ACTION: ❑ Consent Agenda ❑x General Business ❑ Public Hearing RECOMMENDED MOTION: Move to approve the First Amendment to Community Theatre Lease with the Community Theatre, Inc. and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: [�Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/07/15