City of Pelican Rapids AgendaPacket City Council Meeting 2026-05-26
City Renews Year Three Lease for 25 N Broadway
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Description
The City of Pelican Rapids continues a five-year commercial lease with Teresa Thornton for the property at 25 N Broadway, with no rent charged for June 15, 2026, to June 15, 2027.
Contract Details
Contract Amount
No rent for third year (June 15, 2026 – June 15, 2027); future years subject to negotiation
Vendor
THORNTON, TERESA
Agency
City of Pelican Rapids, MN
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
60 months (June 15, 2024 – June 15, 2029)
Renewal Date
2029-06-15
Renewal Info
Lease runs through June 15, 2029, with annual rental negotiations for years 4-5. Rent for year three is waived.
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