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Base rent <br />What is it and what does it not include? <br />How do we define and how do we arrive at this number? <br />Does the City have a price floor? <br />Stormwater Utility Fee <br />City or tenant responsibility? <br />Deposit <br />How much, due when? <br />Late Fee <br />How much, due when? <br />Utilities <br />Who is responsible for what specifically? <br />Political Signage <br />Is it allowed? <br />Staff believes the attached policy addresses the real or perceived issues outlined above. By adopting said policy, the <br />City will be in position to develop consistent and fair leases and provide Staff formal support and a baseline in <br />which leases are negotiated. Additionally, this policy will empower Staff to make decisions at the time of <br />negotiation, based on whether or not proposals meet the minimum adopted criteria. For example, if a lessee makes <br />a rent offer for less than 80% of the market rate --Staff would not bring said proposal back to the Council for <br />consideration (less unique circumstances). <br />ALTERNATIVES: <br />A.) Adopt the proposed Policy for Leasing City Owned Property <br />B.) Do not adopt the proposed Policy for Leasing City Owned Property <br />C.) Direct Staff to pursue an alternative direction or amend the proposed policy <br />Recommendation: <br />Adopt the proposed Policy for Leasing City Owned Property <br />Staff believes the attached policy addresses the real or perceived issues outlined in this case. By adopting said <br />policy, the City will be in position to develop consistent and fair leases and provide Staff formal support and <br />a baseline in which leases are negotiated. Additionally, this policy will empower Staff to make decisions at <br />the time of negotiation, based on whether or not proposals meet the minimum adopted criteria. For example, <br />if a lessee makes a rent offer for less than 80% of the market rate --Staff would not bring said proposal back <br />to the Council for consideration (less unique circumstances). <br />Funding Source: <br />NA <br />Council Action: <br />Adopt the proposed Policy for Leasing City Owned Property <br />Attachments <br />Policy For Leasing City Owned Land <br />