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EDC authorizes one-year lease at 21499 EVA Street Suite B to house incoming assistant director
Summary
The Economic Development Corporation voted to authorize the city administrator to negotiate and execute a one-year lease at 21499 EVA Street Suite B to provide office space for the incoming assistant EDC director; the EDC will cover costs through the next budget cycle and revisit in September.
The Montgomery Economic Development Corporation voted March 17 to authorize the city administrator to negotiate and execute a one-year lease for office space at 21499 EVA Street Suite B to house the incoming assistant director for the EDC. Board members said the lease includes two free months and an all-inclusive monthly rate covering utilities, trash and maintenance.
Staff told the board the EDC budget can cover the rental costs for the next six months without changing current appropriations; members said they will re-evaluate these expenses during the September budget process and decide whether to adjust subsidies or reassign office-space costs at that time. The packet materials provided to the board included the current monthly charge, which staff said was all-inclusive.
Board members discussed logistics including furniture left by the former Chamber of Commerce, the absence of required build-out work, and whether the monthly rate represented fair market value; staff said the landlord offered two months free and that the interior is ready for immediate occupancy. A motion to authorize execution of the lease was made and seconded and carried by voice vote (no roll-call tally was recorded in the public minutes).
The lease is intended to provide immediate workspace for the incoming assistant director, who was reported to start mid-April, with staff preparing to revisit office-space assignments and budget adjustments during the next fiscal-budget cycle.
