Palmer Extends Temporary Library Lease With Nicole Reed
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Description
The Palmer City Council is asked to approve a one-year extension of the temporary library lease with Nicole Reed for space at 137 E Arctic Avenue, with rent increasing 3% to $7,326.00 per month and a total projected cost of $87,912. The amendment also clarifies maintenance responsibilities and designates Palmer and Anchorage as arbitration venues.
Contract Details
Contract Amount
$87,912
Vendor
REED, NICOLE
Agency
City of Palmer, AK
Contract Type
FACILITIES
Document Date
May 12, 2026
Contract Term
One year lease extension; monthly rent increases from $7,113.00 to $7,326.00
Renewal Info
Third extension of the original March 15, 2023 lease for the temporary library; one-year term with a 3% rent increase and clarified maintenance and arbitration provisions.
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