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15-6661

R26 Authorizes lease agreement with Ami Martin and family for residential property located at 200 Springhouse Road, Allentown, PA 18104. The agreement is for $19,103.52 for year one ($1,591.96 a month) with a CPI increase for the second year of the original term, with a five (5) one (1) renewal options. This will be a two (2) year lease with five (5) one (1) year renewal options. For year new year, the lease will be increased based on the CPI percentage indicated on the official US Bureau of Labor Statistics.

Resolution Passed Introduced February 13, 2024

What this record is

Amount
$19K
Runs until
February 13, 2026 already ended calculated from the contract term stated in the record
Type
amendment
Field
Real estate

Read automatically from the title of the official record. The source document below is authoritative.

Committee
City Council
Introduced
February 13, 2024
On agenda
February 21, 2024
Passed
February 21, 2024
Enactment no.
30795

Where it was heard

City Council Feb 21, 2024 approved Pass