Department: Urban Development
Subject: Type of Action: Introduction
title
Introduction of an Ordinance declaring certain property as surplus and no longer needed for a municipal purpose and authorizing the Mayor to enter into a Lease Agreement between the City of Huntsville and Lendon Commercial, LLC, for lease of the same.
Ordinance No.
body
Finance Information:
Account Number: TBD
City Cost Amount: NA
Total Cost: NA
Special Circumstances:
Grant Funded: NA
Grant Title - CFDA or granting Agency: NA
Resolution #: NA
Location: (list below)
Address: Property located along Carl T. Jones Drive
District: District 1 ☐ District 2 ☐ District 3 ☐ District 4 ☐ District 5 ☐
Additional Comments:
Rent from Lendon Commercial, LLC, is as follows:
Year 1 - 5: $3,000 per annum
Year 6 - 10: $3,300 per annum
Year 11 - 15: $3,630 per annum
Year 16 - 20: $3,993 per annum
Year 21 - 25: $4,392.30 annum