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Lake Davenport Sailing Club lease renewal proposed with phased per-square-foot rent increase
Summary
The sailing club seeks to renew a lease through March 31; staff recommended a three-year term with rent rising from 6¢ to 8¢ per square foot across the term (estimated $4,500 to $6,500 annually). The club remains responsible for its own maintenance and utilities.
City staff reported that the Lake Davenport Sailing Club intends to renew its lease, and staff recommended a three-year renewal with incremental rent increases.
The staff member presenting the item said the club currently pays 5¢ per square foot for the building and adjacent land, totaling $3,900 annually, and that staff recommended the new three-year schedule: 6¢…
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