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Council approves 5-year lease renewal with Hellebuch Bicycles LLC for Trailhead building
Summary
Council adopted Ordinance 25-410 authorizing a lease for bicycle storage at the Milford Trailhead building. The contract continues an initial five-year term and includes a lessee option for an additional five years and a one-time 15% rent increase specified in the packet.
City Manager Gunderson presented the lease renewal for the Milford Trailhead building and recommended council authorize the city to enter the contract.
Gunderson said the packet includes the full contract and that the renewal arises from an existing lease that provides the lessee an initial five-year term and a written option for an additional five-year renewal. The contract in the packet shows a one-time 15%…
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