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Shelton Companies given option to lease, rehab and later buy city lot at 1648 E. End Ave
Summary
The council approved an option and license agreement giving Shelton Companies exclusive rights to lease and later buy a vacant city lot at 1648 East End Avenue; Jack Hynes said the company plans about $100,000 in rehabilitation before purchase within a year.
City Council members approved Resolution #2026-4, an option and license agreement granting Shelton Companies, Inc. the exclusive right to purchase and use the vacant city-owned commercial lot at 1648 East End Avenue. Economic Development Director Jack Hynes said Shelton "needed more space to expand" and planned to "lease the property, rehab it at a cost of approximately $100,000, then purchase the property in about a year."
The resolution passed unanimously among present members (Ayes: Smith, Rodgers, Baikauskas, Brassea, Zaranti, Merrick; Absent: Perez). The council did not set a firm timetable for the lease or purchase beyond the approximate one-year purchase expectation described by staff.
