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Committee votes to renew Connecticut Library Consortium lease at current rate for one year
Summary
The finance committee authorized staff to renew a one‑year lease with the Connecticut Library Consortium at the existing rent, after discussing suite size, per‑square‑foot market rates, and a possible future increase.
The Russell Library Finance Committee voted to authorize staff to renew the Connecticut Library Consortium—LC—ive on the library—uilding—or a one‑year term at the existing rental rate.
The chair described the leased suite as the second‑floor space the library owns on Court Street and noted the committee had reduced rent in a prior year and applied a 2% increase last year. Committee members discussed market comparators for commercial rent in Middletown and whether the consortium could absorb higher costs. Lynn (staff) reported the suite measures about 1,419 square feet and Ramona/others cited a base rent figure recorded in the lease package.
There was some numerical ambiguity in the transcript about the exact monthly figure; the record references an annual/aggregate figure and a per‑square‑foot rate. Members settled the question by voting to hold the rent steady for the coming year and revisit any increase the following year. The motion to authorize Ramona to renew the lease at the existing rental rate was moved and seconded and approved by voice/raised hands.
The committee directed Lynn (staff) to complete the lease form and asked that Ramona inform CLC that the committee chose to hold rent this year but may seek an increase next year.
