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South 7. C. ,nd Redevelopment Commission Meetin - April 25, 1980 REPORTS (continued) Update on Rental of Property Within the Centu ry Mall Project Area. Mrs. Kolata: We have approved another lease by telephone that is similar to the previous leases in the Century Mall area. I think we should have a recon- firmation of that lease. We have rented the Gallenkamp property to a firm known as Allen Shoes. It is on a month -to- month lease. They have provided us proof of insurance, naming us as co- insured, in the amount we have requested, and it is a $1.00 lease the same as we have done with Robertson and PDH Office Equipment. Ms. Paula Auburn made a motion to ratify and confirm the lease between the Department of Redevelopment and Allen Shoes in the Century Mall Project Area (IND. R -66) seconded by W. Cira, and the motion was unanimously carried. Mr. Ellison: As an addition to the update of rental property within the Century Mall Project Area, I would like to report on the request we had from the Brademas organization to lease some space. I believe the staff indicated at the last meeting that we had contact with HUD with respect to the leasing of space to a political organization. The staff wants to report that we have had further conver- sations with HUD and they agreed that there is no legal prohibition against the leasing of a facility that we have acquired in part or whole with federal funds to a political entity on an interm basis. HUD did suggest, however, that we follow very closely the requirements of the Federal Management Circulars if we intend to lease such property. That is, that there be a process which would allow for competition from any interested party to lease the space. Secondarily, HUD has suggested that we require any political entity to pay fair market rent for the space. Based on that -33 - DISCUSSIONS ON RENTAL OF PROPERTY WITHIN CENTURY MALL PROJECT AREA