Bill Type and Number: Ordinance 2006-975

Sponsor: Council President at the request of the Mayor

Date of Introduction: September 12, 2006

Committee(s) of Reference: F, TEUS

Date of Analysis: September 15, 2006

Type of Action: Lease approval

Bill Summary: The bill approves a lease between the City and Diane Rukab for use of 875 square feet of space in the Ed Ball Building for the operation of a coffee shop. The lease term is for 5 years from November 2006 through November 2011. The initial lease rate is $1,093.75 per month plus operating costs in year one, escalating to $1,231.03 in year five.

Background Information: The coffee shop is on the first floor on the interior of the Ed Ball Building. The tenant will pay a proportional share of the building’s operating costs, including management fees, utilities, maintenance and supplies, and contractual services for pest control, window washing, etc.

Policy Impact Area: Ed Ball Building private tenants

Fiscal Impact: The lease rate is $1,093.75 per month plus operating costs in year one, escalating to $1,231.03 in year five.

Analyst: Clements