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Council approves 5-year license for Dance Project North at fairgrounds after debate over lease length
Summary
Council voted 5–2 to authorize a five-year license, with a five-year renewal option, for Dance Project North to operate in a 4,200 sq. ft. fairgrounds building. Council members expressed concern about committing to a long term without clarity on repairs and future tenants.
Prescott Valley — The Prescott Valley Town Council on Oct. 9 voted 5–2 to approve a five-year license agreement (with a five-year renewal option) allowing Dance Project North LLC to operate a private dance studio in a 4,200-square-foot building on town-owned fairgrounds property.
The license: Town staff described the agreement as a five-year license with one five-year renewal option, a monthly license fee of $3,000 ($36,000 annually), and a 10% rent increase if the renewal option is exercised. Under the agreement the town will maintain…
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