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TO: Mayor John Laesch
FROM: Lukasz Tatara, Superintendent of Facilities Maintenance
DATE: July 7, 2026
SUBJECT:
Approval of a One-Year lease agreement with The Riverfront Playhouse for the property located at 13 S. Water Street, Aurora, Illinois
PURPOSE:
To obtain City Council approval of a new one-year lease agreement with The Riverfront Playhouse for the property located at 13 S. Water Street, known as "the Vargas Building." where operates its independent theater. The new lease will run for the term of one (1) year, and expire on July 31, 2027, with options to renew for additional one (1) year terms.
BACKGROUND:
The Riverfront Playhouse has been a tenant of the City of Aurora for many years, and their lease has now expired. Approval of the new lease will ensure the continued occupancy and operation of the theater while bringing the agreement up to date and in compliance with current standards.
DISCUSSION:
The new lease is for a one (1) year term and will commence on August 1, 2026, or on the date it is approved by the Aurora City Council, whichever occurs later. The initial term will expire on July 31, 2027. The lease may be renewed for up to three (3) additional one (1) year terms, subject to the written consent of both parties. Renewal notices must be provided at least ninety (90) days prior to the expiration of the then-current term.
The new lease maintains the same monthly rental rate previously paid by The Riverfront Playhouse prior to the expiration of the former agreement, which is four hundred dollars ($400.00) per month. The Riverfront Playhouse will also continue to contribute to Special Service Area One.
The lease further clarifies maintenance responsibilities for both parties and outlines the procedure for The Riverfront Playhouse to contact City staff for maintenance concerns or emergency issues. Additionally, it specifies the circumstances under which the City may enter the premises and the required notice. Insurance requirements are...
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