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Leaseapproved

town-name-meeting-minutes-2024-09-11-pdf_1d4.pdf

Federal Realty secures VW lease extension with $20k yearly

$20,000 per yearTown of WellesleyFEDERAL REALTYSeptember 11, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Select Board approved the 5th amendment to the 2005 Linden Square Development Agreement for an option for the VW lease to be extended for 5 years to December 31, 2033, with a $20,000 annual payment to the Town for the full life of the lease.

Contract Details

Contract Amount

$20,000 per year

Vendor

FEDERAL REALTY

Agency

Town of Wellesley, MA

Contract Type

Lease

Document Date

September 11, 2024

Contract Term

5 years

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