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RDC approves Merrill Lynch lease termination at Showers West; tenant to vacate by March 31 under negotiated terms
Summary
The commission approved negotiated lease-termination provisions allowing Merrill Lynch to remain in Showers West through March 31 and to leave fixtures; the city will not reimburse moving expenses. Staff flagged data-security and inventory questions and will inventory fixtures and confirm removal of any confidential equipment.
The Bloomington City Redevelopment Commission approved key provisions of a negotiated lease termination with Merrill Lynch, Pierce, Fenner & Smith Inc. (Bank of America as carrier) at Showers West.
Staff said Merrill Lynch requested to remain in the space through March 31 and to leave fixtures and certain build-out elements in place rather than seek moving-expense reimbursement. Corporation counsel and…
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