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Council approves 40-year lease for new main library at Abilene Heritage Square
Summary
After public testimony from volunteers and donors, the council approved a 40-year lease to place the new Abilene main library at Abilene Heritage Square; the lease rate is $0.74 per square foot and the developer will assume major maintenance obligations.
The Abilene City Council voted to approve a long-term lease for the new main branch library to occupy space at Abilene Heritage Square.
Mandy Patterson, deputy city manager, presented the lease terms and background. Patterson said the city had entered an agreement in December 2019 for development of Abilene Heritage Square and that project circumstances changed, prompting a new lease to set the rate and responsibilities. Patterson said the proposed lease rate is $0.74 per square foot with an escalator clause and a term of 40…
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