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Committee extends Hope Center lease at 529 Meeting Street through 2026

Charleston City Committee on Real Estate · December 16, 2024
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Summary

The committee approved a two-year extension of the Hope Center lease at 529 Meeting Street, keeping current terms (no rent; tenant responsible for taxes, insurance, maintenance and utilities) in place through Dec. 31, 2026, to allow time to finalize permanent Hope Center plans.

The Charleston City real estate committee approved Dec. 16 a third amendment to the lease for the Hope Center at 529 Meeting Street, extending the city's occupancy through Dec. 31, 2026.

Miss Dinwiddie, city real estate staff, described the amendment as straightforward: the lease term would be extended two years with an effective date at the end of this year. "Under this agreement as it is, we don't pay rent. We are responsible for the taxes, insurance, maintenance, and utilities of the building," Dinwiddie said, adding the extension is intended to allow additional time to finalize plans for a permanent Hope Center.

Committee members indicated this is a recurring administrative extension and voiced no objections. The motion to extend the lease passed by voice vote; the transcript records ayes and no opposition but does not provide a roll-call tally.

Staff will return any finalized amendment for execution according to standard administrative process.