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Council raises cost question on proposed 32‑year shelter lease; administration defers while reviewing options
Summary
Councilman Gonzales flagged a proposed lease for a shelter whose full 32‑year term (including renewal options) could cost the city about $129.8 million; administration deferred the item to study alternatives, including whether buying a building would be cheaper.
A deferred shelter lease drew scrutiny at the May 20 pre‑meeting after a council member said the proposed lease terms could saddle the city with roughly $129.8 million in payments over 32 years if both renewal options are exercised.
Councilman Gonzales asked the administration whether, instead of entering a long‑term lease, the city should either bond and buy a…
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