File #: O-33-25    Version: 1 Name:
Type: Ordinance Status: Agenda Ready
File created: 7/15/2025 In control: City Council
On agenda: 7/28/2025 Final action:
Title: Lease of City Property - Market House For the purpose of authorizing the lease of the Market House to New Market House, LLC, the Master Tenant for a certain period of time, subject to certain terms, provisions and conditions; and matters generally relating to said lease.
Sponsors: Gavin Buckley
Indexes: Economic Matters Committee, Finance Committee, Rules and City Government Committee
Attachments: 1. O-33-25 First Reader, 2. O-33-25 Market House Lease - July 2025, 3. O-33-25 Attachment A, 4. O-33-25 Staffing Impact Report, 5. O-33-25 Staff Report, 6. O-33-25 Fiscal Impact Note
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

title

Lease of City Property - Market House

For the purpose of authorizing the lease of the Market House to New Market House, LLC, the Master Tenant for a certain period of time, subject to certain terms, provisions and conditions; and matters generally relating to said lease.

body

 

City Council of the

City of Annapolis

Ordinance 33-25

Introduced by: Mayor Buckley

Co-sponsored by: 

 

Referred to: Finance Committee, Economic Matters Committee, Rules Committee

AN ORDINANCE concerning

Lease of City Property - Market House

 

FOR                     the purpose of authorizing the lease of the Market House to New Market House, LLC, the Master Tenant for a certain period of time, subject to certain terms, provisions and conditions; and matters generally relating to said lease.

 

WHEREAS,                     The City of Annapolis owns certain real property located at 25 Market Space in the City of Annapolis, Maryland commonly referred to as the Market House; and

 

WHEREAS,                     Pursuant to the terms of the current tenant leases of the Market House, as of July 1, 2033, through June 30, 2028, current tenants of the Market House are operating on a month to month basis; and

 

WHEREAS,                     Pursuant to Article III, Section 8 of the Annapolis Charter, the City required competitive bids for the right to lease the Market House; and

 

WHEREAS,                     New Market House, LLC, has been determined to be the winning bidder in negotiations to lease the Market House; and

 

WHEREAS,                     The City Council expressly finds that leasing the Market House will better serve the public need for which the property was acquired; and

 

WHEREAS,                     City Charter, Article III, Section 8 requires that the lease of City property be authorized by ordinance of the City Council.

 

 

SECTION I:                     BE IT ESTABLISHED AND ORDAINED BY THE ANNAPOLIS CITY COUNCIL that the Lease Agreement between the City of Annapolis and New Market House, LLC, for the lease of the Market House located at 25 Market Space, Annapolis, Maryland, is attached hereto and made a part of this Ordinance, be and the same, is hereby authorized and approved.

 

SECTION II:  AND, BE IT FURTHER ESTABLISHED AND ORDAINED BY THE ANNAPOLIS CITY COUNCIL that the attached Lease Agreement will serve the public need for which the Market House was acquired and developed and will be in furtherance of the Market House policies as established in Section 7.28.020 of the Code of the City of Annapolis.

 

SECTION III: AND BE IT FURTHER ESTABLISHED AND ORDAINED BY THE ANNAPOLIS CITY COUNCIL that this Ordinance shall take effect upon adoption.