City of Fresno Meeting Agenda 2026-06-04
Frida Café to Lease Historic Fresno Water Tower
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Description
Fresno will lease the historic Fresno Water Tower to Downtown Development Group, LLC, doing business as Frida Café, with rent starting at $9,252 and rising 3% annually for up to five years. The lease could generate $49,120.12 over the full term.
Contract Details
Contract Amount
Starting at $9,252 in year one, increasing 3% annually; total $49,120.12 over five years
Vendor
DOWNTOWN DEVELOPMENT GROUP LLC DBA FRIDA CAFÉ
Agency
Fresno Yosemite International Airport Authority, CA
Contract Type
FACILITIES
Document Date
June 3, 2026
Contract Term
Three years with two optional one-year extensions (potential total of five years)
Renewal Info
Initial three-year lease with options for two additional one-year extensions; rent escalates 3% annually, with projected total of $49,120.12 over five years if fully extended.
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