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Council approves 20-year lease with Hennepin County for new Edina arts center
Summary
The council approved a 20-year lease for roughly 15,473 usable square feet in the new Hennepin County Library building for an Edina arts center; the city would pay about $5 per square foot base rent and approximately $16,700 monthly total, and the county will fund tenant improvements to be reimbursed by the city over the lease term.
The Edina City Council voted Oct. 22 to approve a 20-year lease with Hennepin County for space in the county’s under-construction library building that will house a new Edina Arts Center.
Under the lease, the city would occupy approximately 15,473 usable square feet (about one-third of the building’s 67,370 square feet). Base rent is set at $5 per square foot; staff estimated total monthly rent (base plus additional…
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