City of Lafayette City Council Meeting Agenda Packet May 2025
City Approves 20-Year No-Rent Lease for History Museum
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Description
Lafayette City Council approved a full-service, no-rent lease agreement with Lafayette History Museum for the City-owned historic property at 108 E. Simpson Street, securing museum operations and City-supported maintenance through at least 2044.
Contract Details
Contract Amount
$0 rent (full-service, no-rent lease)
Vendor
LAFAYETTE HISTORY MUSEUM
Agency
City of Lafayette, CO
Contract Type
FACILITIES
Document Date
May 6, 2025
Contract Term
Commencing on execution in 2025 and ending December 31, 2044; two 5-year extension options possible
Renewal Date
2044-12-31
Renewal Info
Initial term through December 31, 2044. Two 5-year extension options available with City approval. Termination rights included by either party with notice as detailed in lease.
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