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Finance committee recommends council approve leases for Kingsburg Business Park sign
Summary
The Kingsburg Finance Committee voted to recommend that City Council approve leases for panels on the Kingsburg Business Park highway sign, with tenants covering sign design and installation costs and the city contributing a partial façade grant to one local restaurant.
The Kingsburg Finance Committee on April 28 recommended that the City Council approve lease agreements for advertising panels on the Kingsburg Business Park highway sign, with final execution contingent on tenant signatures and last legal review.
The recommendation would allow tenants to occupy individual panels on the city-owned sign, with tenants responsible for design, manufacturing and installation costs and the city covering a partial façade grant for a local restaurant.
Alexander Henderson, a member of the finance committee, told the committee the leases have been negotiated to include panel size and number, minimum lease lengths, annual costs, security deposits, early-termination language and maintenance responsibilities. “City attorney Mike Nolan has reviewed and approved all forms of the leases,”…
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