City of Red Wing City Council Regular Meeting Agenda 2026-06-08
Runnings Supply Inc. Lease Renewed for Ten Years
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Description
City Council approved a new ten-year lease agreement with Runnings Supply Inc. for commercial space at 321 Potter Street, with scheduled annual rent increases.
Contract Details
Contract Amount
Two dollars per square foot per year, 11,089 sq ft dedicated plus 668 sq ft common, with 3% annual increases
Vendor
RUNNINGS SUPPLY INC
Agency
City of Red Wing, MN
Contract Type
OTHER
Document Date
June 8, 2026
Contract Term
10 years (begins November 2026)
Renewal Date
2036-10-31
Renewal Info
Lease includes 3% annual rent escalator; replaces agreement expiring October 2026.
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