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TO: Mayor Thomas J. Weisner
FROM: Joseph Hopp, Superintendent of Maintenance Services
DATE: November 17, 2015
SUBJECT:
Resolution to authorize the City of Aurora to enter into a Commercial Lease Agreement with LaTanya Briggs, 538 Pennsylvania Avenue, Aurora, Il, 60506, for commercial space in the Aurora Transportation Center ("ATC").
PURPOSE:
Resolution Authorizing the City of Aurora to enter into a Commercial Lease Agreement with LaTanya Briggs for a commuter based retail business inside the ATC building.
BACKGROUND:
The Aurora Transportation Center has commercial spaces available for rent. Currently there are several vacant store fronts available for rental. The retail space that Ms. Briggs is interested in leasing is 90 square feet.
DISCUSSION:
Ms. Briggs plans to operate a convenience store "On the Go" that would sell travel items such as portable phone chargers, trial size personal products, umbrellas, gloves, hats, lotions/hand sanitizer's water bottles etc. This business will not compete with the existing tenants that currently occupy space in the ATC building.
The lease agreement is for a one year term and can be renewed if mutually agreed by the City and tenant. The monthly rent for this space is $200 per month. In addition, a security deposit of one month's rent which is $200 will be paid at the execution of this lease agreement.
IMPACT STATEMENT:
The leasing of this commercial space would provide commuters a place to purchase travel sundries that would otherwise be unavailable. We do not anticipate that this business will cost the City any additional maintenance expenditures.
RECOMMENDATIONS:
To approve this Commercial Lease for the empty space at the ATC.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Mesiacos, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution authorizing the City of Aurora t...
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