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Law Library lease renewal continued after questions on space use and pending lawsuit

Budget and Finance Committee · November 2, 2017
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Committee continued a proposed five‑year lease extension for the Law Library at 1145 Market Street after members raised concerns about underused space, stored collections at Brooks Hall, and an unresolved lawsuit over adequacy of the library's space.

The committee considered a resolution to exercise a five‑year lease option to extend the Law Library's lease at 1145 Market Street for approximately 20,000 square feet with an initial annual base rent of about $1.2 million and 3% annual increases. Claudia Gorham, assistant director of real estate, said an appraisal set fair market rent at $65/sq ft and the…

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