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Committee renews ETSB lease at $14.06 per square foot for two years
Summary
The committee voted to renew the ETSB lease for 1,755 sq ft at $14.06 per square foot (annual rent $24,675.30) on a two-year term after staff recommended raising rent from roughly $11/sq ft; the committee approved the renewal during the meeting.
Staff presented the proposed renewal of the Emergency Telephone System Board (ETSB) lease covering 1,755 square feet. The existing rent in staff’s materials worked out to about $11 per square foot; staff recommended moving ETSB to $14.06 per square foot, which equates to $24,675.30 annually under the proposed terms. (Staff)
A motion to renew the ETSB lease at $14.06 per square foot for a two‑year term was made, seconded and called for a vote. Committee members verbally recorded affirmative votes; the chair announced the motion carried. (Chair)
Staff said they would finalize the lease language to reflect the updated rate and the two-year term. The committee did not record any amendments to the lease terms during the meeting. (Staff)
