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Selectmen defer rent increase, exercise two‑year extension for Tri‑State at 67 Main Street
Summary
After an executive session, the Sharon Board of Selectmen approved a motion to defer a CPI‑based rent increase at 67 Main Street for six months and to exercise the tenant's two‑year lease renewal, conditioned on receiving the full security deposit, sub‑lessor information and proof of liability insurance.
First Selectman Flanagan and the Sharon Board of Selectmen announced actions on the town's lease for 67 Main Street after an executive session on March 10. The board approved a motion to defer a CPI‑based rent increase for six months and to exercise the tenant's two‑year lease renewal, subject to specified conditions.
The lease with tenant Tri‑State Public Communications expires March 14, 2026. The board reported the CPI‑based rent increase would be approximately $92. Ms. Goodman of Tri‑State asked the board to consider deferring the increase; the board discussed information developed during the executive session before voting.
Selectman Kearcher moved that the board defer the rent increase for six months, require the Town receive the full security deposit per the lease, provide the First Selectman with details on any sub‑lessors and proof of their liability insurance, and issue a letter exercising the two‑year extension within three days. Mr. Brett seconded the motion; it passed unanimously.
The board directed that the conditions be satisfied before the deferral and extension take effect and that the First Selectman deliver the formal extension letter. No figures beyond the approximate increase were recorded in the public minutes.
