Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
School district vacates town bus garage, leaving Waverly with $27,000 revenue shortfall
Summary
The Waverly Town Board heard that the school district will vacate a leased bus garage on June 30, creating an estimated $27,000 loss in annual revenue; the board moved to solicit new tenants and discussed making repairs to attract lessees.
The Waverly Town Board on June 13 learned that the local school district will vacate its lease on the town-owned bus garage effective June 30, creating an anticipated revenue shortfall of roughly $27,000.
Town Supervisor Ernie told the board the town will seek new tenants for the space and recommended soliciting interest publicly. "This is a loss to the town of $27,000, so we should try at least to find a new tenant," the supervisor said. Board members discussed whether the town should invest in repairs — the building lacks reliable heat and working toilets — before marketing the property to prospective lessees.
Board members said the district cited poor conditions and that some repairs and upgrades would be necessary to attract another tenant willing to pay market rent. The board directed staff to solicit interest with the understanding the town will make certain repairs and to explore cost estimates before listing.
The board also discussed whether the town could immediately increase rent for other lessees (the medical center's contract runs on a January 1 cycle) and the need to consider the town’s broader budget pressures when evaluating capital outlays for the bus garage.
What happens next: Staff will solicit tenant interest, prepare cost estimates for necessary repairs, and report back to the board. The town will also consider budget committee recommendations on cuts to offset the revenue shortfall.
