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Committee continues Old Mint lease item at mayor’s request
Summary
A proposed lease of the United States Old Mint to N.P.U. Inc. (base rent $20,000/month; participation rent 50% of venue rental fees; $2,500 per ticketed event; two-year term with three one-year options) was continued to the call of the chair after the mayor’s office said the item was not ready to move forward.
The committee considered a proposed lease of the United States Old Mint at 88 Fifth Street to N.P.U. Incorporated. The clerk read key financial terms — a $20,000 monthly base rent, tenant responsibility for utilities, 50% participation rent on venue fees and $2,500 per ticketed event — along with a two-year term to commence on Board and mayoral approval and three one-year extension options.
Supervisor Marr said the mayor’s office indicated the item was not ready to move forward. With no public comment, Marr moved to continue the item to the call of the chair and the committee agreed.
The transcript does not record further negotiation or a roll-call vote in committee; the full lease instrument and any exhibits will be available in the Board packet if the item returns for consideration.
