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City approves one‑year lease with Keystone Collections for City Hall space at $1,000 per month
Summary
Council adopted bill number 2 on final reading to retroactively approve a lease between the city and Keystone Collections (Kratzenberg & Associates) for a portion of City Hall, with a $1,000 monthly fee for an initial one‑year period and extension options; council approved the bill 5–0.
Council approved bill number 2, retroactively authorizing the mayor to execute a lease with Keystone Collections (identified in the meeting as Kratzenberg & Associates Inc.) for a portion of City Hall at 735 Cumberland Street. Mayor Sherry Capello said the rent was set at an even $1,000 per month for the initial July 1–June 30 year and the tenant may extend the lease; council voted 5–0 to adopt the bill on final reading.
Capello said she pursued the tenant partly for downtown economic development and noted Keystone draws many visitors: "They have almost 6,000 visitors that go to their office each year. I was thinking, boy, if we could get those 6,000 people into City Hall and in our downtown, that would be a huge increase in foot traffic," she said. Council welcomed the tenant as a revenue‑supporting occupant of City Hall.
