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Valley Stream trustees review proposed expansion and lease changes for Rizzo property
Summary
The board discussed a tenant’s request to expand leased space at the Rizzo property, a proposed intra-family sale for $10, and lease term details; staff said the lease currently ends Sept. 30, 2025 and the expansion would add about 130 feet of enclosed, screened space for container storage.
Trustees reviewed a request from the tenant at the Rizzo property to expand the area the tenant currently leases and discussed related lease changes.
Village staff said the lease currently ends Sept. 30, 2025. The tenant proposed selling the leased business to the owner’s daughter for $10, which requires updating the village lease documents. The tenant also wants to add roughly 130 linear feet to the leased area behind the existing yard; staff said the expansion would be gated, fenced and screened with vegetation to reduce visibility from nearby homes.
Village attorney Bob Bogle assisted staff in reviewing legal changes that would be required to document the intra-family transfer and the expanded leased area. Staff said the rental amount and annual totals were in the packet; one staff comment referenced “about $178,000 a year” in existing lease revenue but characterized that figure as an estimate.
Trustees asked whether the expansion would change operations; staff said it would not change the permitted use — the site is used to store containers used by the tenant — and that the village would require the same screening and fencing currently in place. Staff said the expanded lease could begin in early spring and run to Oct. 30 so both leases would align on Oct. 1 under the village’s approach to synchronizing terms.
No formal vote on the expansion or lease amendment was recorded during the discussion; staff said they would circulate revised lease documents and proposals to the board for action.
Ending
Staff will prepare amended lease documents and return to the board with proposals and any recommended legal edits; trustees did not take a final vote at the meeting.
