FACILITIESONGOING

Town of Telluride Liquor Licensing Authority Agenda 2026-05-21

JKL Leases Diamondtooth Unit To Telluride Arts

$151,956.00 total; $4,020.00/month (year 1), $4,221.00/month (year 2), $4,422.00/month (year 3); optional renewal $4,623.00/month (year 4), $4,812.00/month (year 5)Town of TellurideJKL LIMITED LIABILITY COMPANYMay 21, 2026

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Description

JKL Limited Liability Company has leased Unit 1D in the Diamondtooth Building at 135 West Pacific Avenue to Telluride Council for the Arts and Humanities dba Telluride Arts under a three‑year, $151,956 triple‑net agreement. The lease runs from June 1, 2025 through May 31, 2028, with an option for a two‑year extension at higher monthly rents and includes operating cost pass‑throughs and a reserved parking space.

Contract Details

Contract Amount

$151,956.00 total; $4,020.00/month (year 1), $4,221.00/month (year 2), $4,422.00/month (year 3); optional renewal $4,623.00/month (year 4), $4,812.00/month (year 5)

Vendor

JKL LIMITED LIABILITY COMPANY

Agency

Town of Telluride, CO

Contract Type

FACILITIES

Document Date

May 21, 2026

Contract Term

June 1, 2025 – May 31, 2028 initial term, with renewal option June 1, 2028 – May 31, 2030

Renewal Date

2030-05-31

Renewal Info

Tenant holds an option to renew for an additional two years (June 1, 2028 – May 31, 2030) at $4,623/month then $4,812/month, contingent on timely written notice by March 1, 2028 and absence of uncured default.

Issuing Agency