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TIFA schedules finance committee meeting to review Stream rental rates and Sandmold/Sinto lease (expires May 2025)
Summary
City Manager Jon Schneider told the board the current Stream lease with Sandmold/Sinto expires in May 2025 and the board reached consensus to schedule a TIFA Finance Committee meeting to review rental rates and the lease agreement, with findings to be returned at the January meeting.
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Jon Schneider updated the board on nearby development projects and told members he plans to convene a TIFA Finance Committee to discuss Stream rental rates and the Stream lease agreement with Sandmold/Sinto. Schneider noted that "the current lease agreement with Sandmold/Sinto expires in May 2025," and the board agreed by consensus that staff should schedule a finance committee meeting and report back at the January TIFA meeting.
No formal vote on lease terms or rental rates occurred at this session; the Finance Committee meeting is intended to gather information and develop recommendations for the full board.
