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Council discusses five-year Davis Arts Council agreement, in-kind services and rent options
Summary
City staff briefed the council on a drafted agreement with the Davis Arts Council for approximately 1,584 sq ft, market comparisons and estimated $13,000/year in in-kind city services.
Staff presented a proposed agreement with the Davis Arts Council for use of city-owned space (about 1,584 square feet) and reviewed comparable market rents and in-kind city contributions.
Planning/administrative staff (Speaker 3) summarized a market review of 13 local office properties with a base-rent range of roughly $11 to $17 per square foot (excluding triple-net items). "If that was at the lowest end... that would be about $17,000 a year," Speaker…
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