Public Meeting TONIGHT
Posted by the Kenmore Crow | Filed under Politics
Via Mr. James Lupori’s Kenmore Undressed blog comes word of an important meeting tonight.
Kenmore to Lease the Village for $1 Per Year? Are You Kidding?
…the City of Kenmore and Urban Partners LLC are considering a “ground lease agreement” which will essentially turn Urban Partners LLC into the tenant (with some interesting rights) of the Kenmore Village which will place UP in the position of being the landlord and steward of 9 acres of the City’s property? Furthermore, this agreement will require Urban Partners LLC to pay a grand total of $1 per year for the lease which will expire in December 2016. There are other compensation factors in the lease; however, I still find this odd.
Mr. Lupori follows up with more information in Why Amend the "Development Agreement" with Urban Partners LLC?.
Over on KBIN, Dennis Hill weighs in with another view:
It would appear that the City is unloading active management of this property on the Developer. Considering the condition of the property and the City’s demonstrated inability to manage the property profitably, the next best option is to distance itself from liability. They appear to be doing that. Sounds like a win for the community. Not sure what the Developer gets out of it, but could it be worse than what we have now?
Whatever is really going on here, if you care about how your city dollars are being spent and how your city assets are being managed, it would behoove you to come to the public meeting at the Northshore Room at the Northshore Utility District tonight at 7:00 PM tonight.
On a side note, I thought we had fully moved into the new city hall? Why are we still having public meetings at NUD?
Tags: city council, development, Kenmore Village, public meeting, Urban Partners
