|LEASE AMENDMENT FOR LIBRARY|
LIBRARY LEASE 12-5-12 LMS
The Salmon City Council has voted to proceed with the process of adding an amendment to a long term lease agreement with the Library Association. The proposed amendment calls for the city to sell the land under the library building to the Library Association and in return the city is given a first-right-of-refusal clause to buy the building in the event the association decides to sell it.
Unanimous approval of the motion made by Councilman Jim Baker came with the intention of scheduling a public meeting to get local input before finalizing any agreement with the association.
City Administrator George Ambrose explained the amendment is written in a way that will allow the governing City Council at the time the association decides to make its move, the opportunity of deciding whether or not to buy the building.. He said the draft agreement has been sent to Idaho Association of Cities attorneys and they judged it to be a good, workable idea with no legal issues.
The current 100 year, one-dollar-a-year land lease was signed in 1976 and contains a clause stating that if the Library Association ever vacated the building it built on city property, the building would revert to the city. The property is approximately 3000 square feet and at the time was worth about $800. The current value is estimated in the $25,000 to $30,000 price range. The Library Association has offered the city $30,000 for the property.
Other than supplying heat for the library the city has never made any financial contributions to the building’s upkeep. The Library Association has done all the building maintenance and under the present arrangement has no way of retrieving its investment to put towards a now much needed larger facility.
Library Association Board member Anne Loucks said, “We felt like that was a very workable and seemingly very fair settlement of the issue as far as the library is concerned. We’re not doing anything immediately and yet we wanted to get some things in place for the future that would improve our outlook on what we can do with what we have.” She said the proposed lease amendment is perfectly acceptable and will be presented at the next Library Board meeting. Loucks expressed appreciation for the city’s consideration of the Library Association’s position and its offer to buy the property.
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