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Real estate committee approves lease extension, Holiday Inn MOA and multiple annexations
Summary
At its April 27 meeting, the Charleston City Committee on Real Estate approved a one-year lease extension for city operations at Milford Street, authorized a memorandum of agreement connected to a Holiday Inn renovation and approved eight residential annexations; committee members also discussed an audit of the San Andrew’s PSD agreement.
The Charleston City Committee on Real Estate met April 27 and approved a set of administrative items including a one-year extension of the city’s lease on the Milford Street operations site, a memorandum of agreement related to a planned Holiday Inn renovation and eight bundled residential annexations.
Malena, presenting the lease amendment for HR Charleston, said the extension keeps city public-service operations at the Milford Street site through July 31, 2027, and described the arrangement as a nominal ($1) lease: “It's a $1 lease agreement, so we are not paying rents,” she said, adding that the city remains responsible for maintenance. Committee members…
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