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Commission signals support for modest UpNet rent increase in upcoming lease renewal
Summary
The commission discussed renewing the UpNet lease and directed staff to return a formal agreement reflecting a proposed rent increase from $500 to $525 per month. Members expressed general comfort with a two-year renewal and the modest increase.
The commission discussed the upcoming UpNet lease renewal and staff recommendation to increase monthly rent from $500 to $525 for the proposed two-year term with an automatic renewal clause.
Speaker 5 said the increase represents roughly a 2% adjustment and recommended that staff pursue that rental figure and return a formal agreement at the next meeting. "We're getting close to that 60 day notice period to provide either notice that we're looking to cancel or renegotiate," Speaker 5 said.
Commission members did not request closed-session discussion and expressed general comfort with the proposed approach; staff will prepare formal lease terms and bring them back to the commission for consideration.
