City of Annapolis - File #: O-5-18

• File #: O-5-18
• Version: 1
• Type: Ordinance
• Status: Adopted
• File created: 1/9/2018
• In control: City Council
• On agenda: 2/12/2018
• Final action: 2/12/2018
• Title: Lease of the Market House - New Market House, LLC - 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: Ross Arnett, Fred Paone, Sheila Finlayson, Marc Rodriguez
• Indexes: Economic Matters Committee, Finance Committee, Rules and City Government Committee

Date	Ver.	Action By	Action	Result
2/12/2018	1	City Council	adopt on second reader	Pass
2/12/2018	1	City Council	amendment(s) approved	Pass
2/12/2018	1	City Council	amendment(s) approved	Pass
2/12/2018	1	City Council	amendment(s) approved	Pass
2/12/2018	1	City Council	amendment(s) approved	Pass
2/12/2018	1	City Council	amendment(s) approved	Pass
2/12/2018	1	City Council	amended	Pass
2/12/2018	1	City Council	amendment(s) approved	Pass
2/12/2018	1	City Council	adopt on third reader	Pass
1/30/2018	1	Rules & City Government Committee
1/30/2018	1	Finance Committee
1/30/2018	1	Economic Matters Committee
1/22/2018	1	City Council	declare the public hearing closed
1/10/2018	1	Finance Committee	postpone indefinitely	Pass

Title
Lease of the Market House - New Market House, LLC - 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 5-18

Introduced by: Alderman Arnett, Alderman Paone, Alderwoman Finlayson,
and Alderman Rodriguez

Referred to
Economic Matters Committee
Finance Committee
Rules and City Government Committee

AN ORDINANCE concerning

Lease of the Market House - New Market House, LLC

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 January 1, 2018 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, by RFP 17-21, the City required competitive bids for the right to lease the Market House; and

WHEREAS, New Market House, LLC has been determined to be one of two winning bidders 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.

NOW, THEREFORE,

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 locate...