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Committee approves first extension of Clark Library lease with K. Mike Whittle Designs
Summary
The Economic & Community Development Committee approved a first-term extension to the existing lease at 156 Church Street (Clark Library property) with K. Mike Whittle Designs; the extension follows terms in paragraph 3 of the existing lease.
The Economic & Community Development Committee voted to exercise the first extension term for the lease of the Clark Library property at 156 Church Street with lessee K. Mike Whittle Designs.
Staff reported that the current lease executed in 2022 expires at the end of this calendar year and that the contract includes two extension options. The lessee indicated it wished to exercise the first option, and the committee voted to approve the city taking the corresponding extension under paragraph 3 of the lease.
Why it matters: The lease continuation allows the existing business to remain at a downtown property and avoids an immediate re-solicitation for the space. Committee members asked staff to place the extension on consent for city-council ratification.
Next steps: Because the lease contains mutual extension language, the committee's approval enables staff to schedule the item for council consent on the regular agenda.
