HomeMy WebLinkAbout#09 - Rocco's Pizza LeaseSTAFF REPORT
DATE: May 15, 2018
CONSENT #9
AGENDA ITEM: Rocco’s Pizza Lease
SUBMITTED BY: Kristina Handt, City Administrator
BACKGROUND:
Jim Bauer, President of Roccos’ Pizza is interested in leasing suite 140 in the Brookfield building.
Bauer had previously leased that space and is looking to return on a month to month basis.
ISSUE BEFORE COUNCIL:
Should the City Council approve the lease agreement with Rocco’s Pizza?
PROPOSAL DETAILS/ANALYSIS:
Included in your packet is a proposed lease which has been reviewed by the City Attorney and signed by
Jim Bauer. It provides for a monthly lease amount of $400. The lease is month to month with a 60 day
notice of termination. The tenant accepts the premises As Is. Mr. Bauer has agreed to this and indicated he
needs no new carpet, painting, etc.
FISCAL IMPACT:
The city will receive $400/month to help offset costs of owning and operating the Brookfield building. The
lease begins in June which will also help offset some of the revenue lost from another tenant moving out.
OPTIONS:
1) Approve the proposed lease
2) Amend and then approve the lease
RECOMMENDATION:
If removed from the consent agenda:
Motion to approve the lease agreement with Rocco’s Pizza
ATTACHMENTS:
• Lease Agreement