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HomeMy WebLinkAbout1486RESOLUTION NO. J}iJ_f::, A RESOLUTION of the City Council of the City of Kent, Washington, establishing a policy for leasing vacant space at the Centennial Center to private tenants. WHEREAS, July 1, 1996, the City acquired the Centennial Center facility adjacent to City Hall; and WHEREAS, in acquiring this facility it was the City Council's intent to operate the facility for use by private tenants as well as for City offices; and WHEREAS, the City Council desires to authorize the administration to negotiate and enter into leases for private tenants at the Centennial Building under certain guidelines so as to allow for the efficient management of the facility for the benefit of private tenants; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1: City Administration is authorized to negotiate and enter into leases with private tenants for vacant space at the Centennial Center. The terms of such leases are not to exceed ten years, including all options to renew. All 1 such lease agreements shall be for market rates and for substantially the same terms and conditions as set forth in the existing leases for private tenants of the facility. SECTION 2: Any lease exceeding ten years or for consideration other than fair market value for the lease or for terms substantially different than those set forth in the existing leases for private tenants of the facility shall require prior Council approval. Passed at a regular meeting of the City Council of the City of Kent, Washington this~ day of NOVGM/3€.8 , 1996. Concurred in by the Mayor of the City of Kent, this~ day of ' 1996 ATIEST: BRENDA j,\C01:1ER, CITY CLERK 1 ])ePG(TY "'>o JIJ N f1 S WIU.U APPROVED AS TO FORM: ~c. IZ.zrt-k L .. A<=rTif-.Jt-1 ROGER A. LUBOVICH, CITY ATIORNEY 2 I hereby certify that this is a true and correct copy of Resolution No. Jtf..8fa , passed by the City Council of the City of Kent, Washington, the dl6 tit day of Nove m 8 e~ , 1996. CENTLEA.res Jt9nna.. ~lnu r-(SEAL) BRENDA JACOBER, CITY CLERK 1 ])IE f'(.,(7Y J)ol()!l)A Swi7W 3