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North Port staff propose market-based lease policy with 50% nonprofit discount; commissioners request tenant-impact analysis
Summary
City staff presented a draft facility lease policy proposing market-value rents with an optional 50% discount for qualifying 501(c)(3) tenants and reporting requirements; commissioners asked staff to return with tenant-level impact data, caps on increases, and a timetable tied to a facility condition assessment.
City staff on Tuesday presented a draft facility lease policy that would shift city-owned interior spaces to market-value rents and allow the commission to grant discounts for nonprofits.
Assistant Director of Public Works Patricia Whisner told the commission the policy would apply only to interior office and similar lease spaces and would not cover land, cell towers, park rentals or third-party capital investments. Under the proposal, the city would determine market value for each building — by appraisal or broker analysis — and act as landlord for exterior and common areas while tenants maintain dedicated interior space.
“Most of our facilities are at about a 50% discount from a…
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