Laserfiche WebLink
AUSTIN PROPKRTY LEASE <br /> At the last Council Work Session, I presented information regarding <br /> possible leasing out of the Austin house to the Louisville Chamber of <br /> Commerce. At that time, Council instructed staff to prepare the <br /> details of such a lease agreement. Attached please find a memo from <br /> me to Council which identifies the key terms of the proposed lease <br /> agreement between the City and the Louisville Chamber of Commerce. <br /> City Attorney Curt Rautenstraus is drafting a lease which contains <br /> those terms and will have it available to Council either Monday <br /> evening or Tuesday night and the Council Feting. <br /> My rationale for recommending exclusive negotiations with the Chamber <br /> of Commerce for leasing this facility is as follows' <br /> 1) Maintaining the Austin house as a single family residence is <br /> inconsistent with City code and policy. <br /> 2) Leasing the Austin house for any commercial use totally <br /> unrelated to City operations would require a significantly greater <br /> investment (approximately $7,500) to feet the City's building code. <br /> 3) Charging a fair market lease rate for this property will <br /> ensure that any lease agreement with the Chamber is handled as an <br /> "arm's length" transaction. <br />