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RDC approves lease termination settlement with Bloomington Health Foundation including $19,542.50 moving allowance
Summary
Commission approved lease termination terms for Bloomington Health Foundation, including waived lease payments for certain months and a moving allowance of $19,542.50, with the foundation to vacate by Oct. 15. A commissioner recused themself prior to the discussion.
The Bloomington City Redevelopment Commission approved key terms of a negotiated lease termination with Bloomington Health Foundation, Inc., on Sept. 2.
Staff said the RDC would waive lease payments for August, September and up to Oct. 15, the foundation would vacate the premises by Oct. 15, 2025, and the RDC would pay a moving allowance of $19,542.50…
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