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RM 05-02-80
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RM 05-02-80
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South B d Redevelopment Commission <br />Regular Meeting - May 2, 1980 <br />6. NEWIBUSINESS <br />c. Mr. Butler continues... <br />Under our fixture appraisal the <br />immovable fixtures were valued at <br />$31,560.00. They are going to <br />leave those fixtures with the <br />property, as well as the real estate <br />fixtures. In return for payment by <br />the Commission, by the department <br />of that $31,560.00. They may or may <br />not remove from the building the movable <br />fixtures and the movable equipment, <br />that is subject to their termination <br />when they are ready to move. We <br />wanted to simply clarify their rights <br />relative to the fixtures, and this agree - <br />nent does so. Two motions should be made <br />such as one authorizing the approval of <br />the lease agreements, the amendments <br />to the lease agreements, and then a <br />second motion approving the fixture <br />agreement. <br />. Auburn: Were there changes in the <br />atal amount in the new lease? Downward? <br />. Butler: Yes, the changes were <br />fr. Robinson: Do they get about the <br />ame bracket as what we are renting or <br />easing the other stores for? <br />[r. Butler: The tenants who were in the <br />tores or the occupants who were in those <br />tores at the time that we acquired, yes. <br />ome of the new arrangements are at $1.00 <br />imply to get new people or new businesses <br />n the vacant stores. It is a temporary <br />rrangement and they have to expend in <br />ome cases considerable sums of money to <br />mprove those vacant stores so that they <br />an move in for a very short period of time. <br />his store has already improved to their <br />pecifications. They simply continue <br />he occupancy. <br />Mr. Cira: What would be a stable fixture <br />in Osco's Mr. Butler? <br />
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