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TO: Mayor Richard C. Irvin
FROM: Patrick J. Collins, Assistant Corporation Counsel
DATE: May 28, 2024
SUBJECT:
A Resolution Authorizing the Approval and Execution of a Lease Agreement between the City of Aurora and Mark Radina & Archetype Stained Glass for the Lease of Office Space and Art Studio of a City-owned Building located at 33 South Broadway, Aurora, Illinois 60505.
PURPOSE:
The purpose of this request is the relocation of the current tenant and to fill a currently vacant building owned by the City of Aurora.
BACKGROUND:
Mark Radina & Archetype Stained Glass were a sub-tenant for 3-plus years of the City's previous tenant, Gary Brown. Since Gary Brown terminated his lease with the City, Mark Radina & Archetype Stained Glass was a holdover tenant. In February 2024, the City executed a month-to-month lease at 7 S. Broadway Auroa, Illinois 60505. However, the City now wishes to sell that property to accommodate a new restaurant.
The City has vacant unused space at 33 South Broadway, Aurora, Illinois 60505 and wishes to relocate Mark Radina & Archetype Stained Glass. That space has not been occupied or utilized in years. This new lease solidifies the good working relationship the City has with Mr. Radina & Archetype Stained Glass.
DISCUSSION:
The proposed lease has a month-to-month term and affords the City and Mark Radina & Archetype Stained Glass the desired flexibility. Rent will be $400 per month, along with Special Service Area contributions and payment of real estate taxes.
IMPACT STATEMENT:
Approval of this resolution will provide a modest source of revenue and have the ancillary benefit of creating a positive impact on the downtown and community by bringing new businesses, people and opportunities.
RECOMMENDATIONS:
It is recommended that the lease between the City of Aurora and Mark Radina & Archetype Stained Glass for the city-owned property located at 33 South Broadway be approved.
cc: Finance Committee
Alderman Carl Franc...
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