Council to Seal Carnegie Lease
Final ratification of an ordinance introduced at the Oct. 15 City Council meeting, to approve a lease with Carnegie Innovation Hall that will rehabilitate and restore the Carnegie Building and Foster House, is expected at the Tuesday, Nov. 5, Council meeting.
The Carnegie Innovation Hall aims to reopen the buildings to the public, maintain the historic character of the buildings and provide cultural, educational and economic benefits to the community. The project will promote education and ideas, and provide space for public and private events and performances, with food and bar service.
The base rent set forth in the agreement will be $15,597.61 per month. The city will not collect this amount for the initial 33-year lease term in consideration of the significant expense and effort associated with the rehabilitation of the Carnegie building and adjoining Foster House. The proposal allows for one potential 33-year extension.
Council meetings take place the first and third Tuesday of each month in the City Council Chambers, City Hall, 2263 Santa Clara Ave., at 7 p.m. Copies of the ordinance are available for public use and examination in the office of the City Clerk.