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Council renews Norby's lease for three years with a 2.7% CPI increase
Summary
Council approved a three-year renewal of Norby's commercial lease at $1,500 per month with a 2.7% CPI increase effective July 1, 2026, after staff reviewed the lease language and rent history.
City staff presented the proposed three-year renewal of the Norby's lease, noting only minor updates to dates and clarification that lottery revenue would be based on net receipts rather than gross. Staff attached rent history and recommended keeping rent at $1,500 or applying CPI; one councilor moved for renewal at $1,500 with the 2.7% CPI adjustment.
Council discussed timing and effective date and clarified the increase would start July 1, 2026. After a motion and second, the council adopted the renewal and CPI increase by voice vote. Staff noted the city would monitor the lease and return future adjustments as necessary.
