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Medina, housing authority nearing deal to lease 135 North Elmwood for housing services
Summary
Medina City Council finance committee discussed a proposed 20-year net lease with the local housing authority that would transfer maintenance responsibility to the authority in exchange for a nominal $1 annual rent and preserve adjacent public parking; council asked for final lease edits and building condition review before final approval.
The Medina City Council finance committee on an evening meeting discussed a proposed 20-year net lease that would give the local housing authority use of the former municipal court building at 135 North Elmwood for a nominal $1 annual rent while the authority would assume maintenance, repairs and utilities.
The proposal is structured as a net net lease: the housing authority would take responsibility for building upkeep in exchange for no rent. The city would retain responsibility for the adjacent public parking area, including plowing, salting and repair,…
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