FACILITIESAPPROVED

borough_of_allendale_mayor_and_council_meeting_min.pdf

Allendale Approves Lease at 91 West Allendale Avenue

$1,000.00 per month with 1.5% annual escalation beginning January 1, 2027Borough of AllendaleTOMMASO ENTERPRISE LLCSeptember 4, 2025

Trusted by teams at

Description

The Borough of Allendale approved a long-term lease with Tommaso Enterprise LLC for a portion of 91 West Allendale Avenue at $1,000 per month with annual rent escalations. The 10-year, 4‑month agreement allows the Borough to construct a mural and assumes maintenance responsibilities within the leased area, with automatic one‑year renewals thereafter.

Contract Details

Contract Amount

$1,000.00 per month with 1.5% annual escalation beginning January 1, 2027

Vendor

TOMMASO ENTERPRISE LLC

Agency

Borough of Allendale, NJ

Contract Type

FACILITIES

Document Date

September 4, 2025

Contract Term

September 1, 2025 – December 31, 2035, with automatic one-year renewal terms thereafter

Renewal Date

2035-12-31

Renewal Info

Initial term runs from on or about September 1, 2025 through December 31, 2035, after which the lease automatically renews for successive one-year terms unless either party gives notice of non-renewal at least three months before the then-current term expires. Rent escalates by 1.5% annually beginning January 1, 2027.