City Plans Lease of 152 East Thomas Street Property
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Description
The City of Rocky Mount plans to enter into a lease agreement with Stephanie Mitchell for City-owned property at 152 East Thomas Street at $572 per month for an initial two-year term. The agreement includes an additional two-year renewal option with a 3% rent escalation during the renewal period, pending required advertisement and final approval.
Contract Details
Contract Amount
$572 per month (2-year lease) with 2-year renewal option and 3% escalation during renewal term
Vendor
MITCHELL, STEPHANIE
Agency
City of Rocky Mount city, NC
Contract Type
FACILITIES
Document Date
March 23, 2026
Contract Term
Initial 2-year lease with an additional 2-year renewal option
Renewal Info
Initial two-year lease with one additional two-year renewal option that includes a 3% escalation in rent during the renewal term; agreement is subject to statutory advertising requirements under NCGS 160A-272 before final approval.
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