| | | | | | | | City of Marquette, MI
300 West Baraga Avenue
Marquette, MI 49855
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| | | | | | | | Agenda Date: 4/29/2024
Consent Agenda - Roll Call Vote
Vango's, Inc. - Termination of Lease Agreement |
| | | | | | | | | BACKGROUND: | Vango's, Inc. entered into a three-year lease agreement with the City in 2022 to use the Ice Cream Store at Presque Isle Park for a term ending on September 30, 2024. Recently the vendor requested the final five months of the lease agreement be terminated. Staff has worked with Vango's, Inc. and the City Attorney to develop a Termination of Lease Agreement.
Staff recommends the City Commission approve the Termination of Lease Agreement. A new vendor wishes to lease the space. |
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| | | | | | | | | FISCAL EFFECT: | | The General Fund will realize a $3,000 reduction in revenue for FY 24 with this action. Staff are working with another vendor who would pay the same revenue for lease of this space. |
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| | | | | | | | | RECOMMENDATION: | | Approve the Termination of Lease Agreement with Vango's, Inc., and authorize the Mayor and Clerk to sign the Termination. |
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| | | | | | | | | ALTERNATIVES: | | As determined by the Commission. |
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