Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Contracts topic
No spam. Unsubscribe anytime.
Board reviews amended highway‑department lease with FAI LLC, tables resolution for corrected language
Summary
Board members reviewed an amended lease with FAI LLC for the highway department building — roughly 4,975 sq. ft. at 43 Basin Road with a first‑year rent of $68,605 and 2% annual increases — and tabled the resolution until the written resolution is edited to mirror lease terms and show payment sources.
The Hurley Town Board reviewed proposed amendments to a lease for the highway department building and decided to table final approval until the resolution accurately reflects the lease language and payment details.
Speaker S4 read the amended lease summary, saying the town negotiated a lease with FAI LLC for “approximately 4,975 square feet” at “43 Basin Road” with a first‑year cost of $68,605 and annual rent increases of 2% thereafter. The lease term read into the record commenced 02/01/2026 and ended 01/31/2028, with options to extend described during the explanation.
Members raised concerns that the resolution text before them did not match the lease language or show the funding/source of payments. One board member asked the resolution be edited so it “reflects exactly what the payment that you're… coming from” and requested year-by‑year breakdowns. The board agreed to hold (table) the resolution and revisit it after staff updates the resolution and after the executive session.
Quote: S4 summarized the contract terms, saying, “So instead of doing a 4 year lease, we're gonna do a 2 year lease with a 2 year option,” and added the first year would match 2025’s amount and subsequent years would increase 2% annually.
What happens next: staff will revise the resolution to match the lease language and include the payment breakdown; the board will consider the corrected resolution at a later meeting.
