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Commission approves five-year city lease at 25 Monroe Street for Paco's LLC
Summary
The Planning and Zoning Commission voted unanimously to approve a proposed city lease for approximately 1,300 square feet at 25 Monroe Street to Paco's LLC, a local restaurateur, subject to standard resolution approval.
The Norwalk Planning and Zoning Commission voted unanimously to approve the referral of a proposed city lease of roughly 1,300 square feet at 25 Monroe Street to Paco's LLC.
City presentation and applicant background Jim Travers, representing the city, presented the lease referral and described the prospective tenant as a local restaurateur known for operating a taco truck and an existing brick-and-mortar location. Travers said the proposed lease is five years long with two five-year renewal options and that the tenant would complete the tenant-fit-out at his expense. Travers also said the property was marketed through a professional leasing agent and multiple proposals were received before the applicant was selected.
Commission action After brief questioning on marketing and the selection process, a motion to approve the resolution was moved and seconded. Commissioners voted by raised hands and recorded the action as unanimous. The commission noted that parking authority approval had previously been secured and that Planning and Zoning approval was required by state referral rules.
Next steps With the commission’s approval recorded, the lease will proceed through the city’s administrative process for execution. The tenant is expected to complete fit-out once the lease is executed and city permits are in place.
Ending The commission’s approval was unanimous and the applicant was thanked for attending the meeting.
