City of High Point Finance Committee Agenda 2026-05-14
Three-year lease of 607 Idol Street to Greensboro
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Description
The City of High Point proposes a three-year lease agreement with the City of Greensboro for 607 Idol Street totaling $276,430.86. Greensboro will continue operating GuilfordWorks at the site while High Point provides utilities, maintenance, and capital cost recovery through the lease fees.
Contract Details
Contract Amount
$276,430.86
Vendor
CITY OF GREENSBORO
Agency
City of High Point city, NC
Contract Type
FACILITIES
Document Date
May 14, 2026
Contract Term
July 1, 2026 – June 30, 2029 (three-year lease)
Renewal Date
2029-06-30
Renewal Info
Lease runs 07/01/2026 through 06/30/2029 with month-to-month holdover at 150% of last monthly rent if not renewed. Any change to lease fee due to overhead overages requires a written amendment.
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