Title
Approval of a Resolution Authorizing the Renewal and Extension of a Lease Agreement with Great India Cuisine, Inc. for of City Owned Property Located at 116 4th Avenue West
Recommended Action
Committee Recommendation:
Not referred to a committee
City Manager Recommendation:
Move to approve a Resolution authorizing the renewal and extension of a Lease agreement with the Great Indian Cuisine, Inc. for City owned property located at 116 4th Avenue West.
Report
Issue:
Whether to approve a Resolution authorizing the renewal and extension of a Lease agreement with the Great Indian Cuisine, Inc. for City owned property located at 116 4th Avenue West.
Staff Contact:
Jennica Machado, Economic Development Director, Community Planning and Economic Development, 360.480.9167
Presenter(s):
None - Consent Calendar Item
Background and Analysis:
In December 2018, the City of Olympia acquired the property at 116 4th Avenue West, where Great India Cuisine was operating under a lease set to expire in February 2019. Although the tenant held an option to extend the lease for five years, that option was not exercised. The City allowed the restaurant to continue operating while evaluating future use of the site, and a new three-year lease was executed in April 2019. In November 2022, the City Council approved a two-year Lease renewal and extension and granted the City Manager authority, through Resolution 2393, to execute up to four additional six-month extensions. Extensions 1 - 4 were executed between January 2024 and July 2025.
The final of these extensions is set to expire on January 31, 2026, requiring City Council approval for any further continuation of the lease. The proposed action authorizes a new Lease renewal and extension with Great India Cuisine, Inc. for continued use of the City owned property, under the terms and conditions included in the attached lease agreement which states an approved one-year lease with up to four additional six-month amendments. T...
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