Department: General Services
Subject: Type of Action: Approval/Action
title
Resolution authorizing the Mayor to Execute Modification No. 1 to the Lease Agreement between Wiz Kidz, LLC and the City of Huntsville, dated February 28, 2019 as adopted and approved by the Huntsville City Council Pursuant to Resolution No. 19-167.
Resolution No.
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Finance Information:
Account Number: 1000-14-14300-515460-00000000
City Cost Amount: $5,667.00 per month
Total Cost: $68,004.00
Special Circumstances:
Grant Funded: N/A
Grant Title - CFDA or granting Agency: N/A
Resolution #:
Location: (list below)
Address: 807 Shoney Drive
District: District 1 ☐ District 2 ☐ District 3 ☐ District 4 ☐ District 5 ☐
Additional Comments:
The City of Huntsville agrees to pay property owner Wiz Kidz, LLC $5,667.00 per month or $17.00 per square foot for an additional one-year term commencing on July 1, 2024. City shall have the option to renew for four additional one-year terms. Rental rate increases 3 percent for each renewal term. Property is for use by HPD. Previous lease was for five years.