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397 <br /> <br />$ 60,000.00 into expenditure account 245-2803001000 <br />$1,447,137.27 into expenditure account 245-2804001000 <br /> <br />c. APPROPRIATION: $143,722 - Victim Witness Grant (carried over) <br /> <br />d. APPROPRIATION: $175,000 - Weed and Seed Program Grant (carried over) <br /> <br />e. APPROPRIATION: <br /> <br />$76,746 - Byrne Memorial Justice Assistance Grant <br />(carried over) <br /> <br />f. APPROPRIATION: <br /> <br />$200,000 - School Construction Grant (carried over) <br /> <br />g. ORDINANCE: "AN ORDINANCE TO QUITCLAIM NATURAL GAS <br /> LINES LOCATED IN CERTAIN ROADWAYS IN MOSBY MOUNTAIN <br /> SUBDIVISION IN ALBEMARLE COUNTY TO THE VIRGINIA DEPARTMENT <br /> OF TRANSPORTATION" <br /> <br />PUBLIC HEARING/RESOLUTION: RENEWING LEASE FOR 614 EAST HIGH <br />STREET <br /> <br /> Mr. Brown explained that the City and County acquired this property in April and <br />acquired the existing lease with Silvercrest. He said Silvercrest wants to make major <br />improvements and wants a five-year lease prior to making the improvements. He said the <br />Assessor has assessed the property at $14 - $16 a square foot, or $87,000 to $100,000 <br />annually. He said the rent is proposed at $75,000 a year, with an annual increase of 3% <br />or based on the CIP. He said the owners assume responsibility for the roof and exterior. <br />He said Silvercrest is obligated to spend $90,000 on improvements to the property, and <br />be given a rent credit up to $55,000 a year. He said that a public hearing is required. <br /> <br />The public hearing was opened. <br /> <br /> Mr. Ben Brewster, a partner with Silvercrest Management, said they would like to <br />renew the lease, and, at the request of the City Attorney, provided additional information. <br />He said there will be interior and exterior improvements, and he said he believes it will <br />be an asset to the City. He said a question was raised by Mr. Schilling at the last meeting <br />about why renew the lease a year early. He said reconfigurations are needed to the <br />building and they want to start as fast as possible. He said they do not want to wait for <br />their marketing program. <br /> <br />As there were no further speakers, the public hearing was closed. <br /> <br /> Mr. Lynch thanked Mr. Brewster for the additional information, and made a <br />motion to approve the resolution approving the lease. <br /> <br />Mr. Caravati seconded the motion. <br /> <br /> Mr. Schilling thanked members of Silvercrest for coming. He said his concern <br />with the lease has nothing to do with their tenancy. He said his obligation is to make sure <br />the City is getting the best deal possible. He said he is not sure it is to the City's benefit <br />to do the lease a year early. He said that the section in the memorandum that provides <br />alternatives could have included competitive bidding for the lease which he thinks would <br />be best for the City. He said the alternative section leaves room for improvement as he <br />thinks the alternative listed, to let the lease lapse, is unreasonable. He asked staff to put <br />in serous alternatives. He said for all the reasons mentioned tonight and at the last <br />meeting, he does not think this is necessarily the best deal for the City. <br /> <br /> The Resolution Renewing the Lease for 614 East High Street to Silvercrest was <br />approved by the following vote. Ayes: Dr. Brown, Mr. Caravati, Ms. Hamilton, Mr. <br />Lynch. Noes: Mr. Schilling. <br /> <br /> BE IT RESOLVED by the Council for the City of Charlottesville, Virginia that <br />this Council hereby authorizes the City Manager, or his designee, to sign the following <br />document, in form approved by the City Attorney: <br /> <br /> <br />