city_council_workshop_meeting_agenda_january_2025.pdf
City Leases Property to INATIA Foundation Through 2030
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Description
Pasco City Council approved a five-year lease agreement with INATIA Foundation for use of city facilities at 403 W Lewis St, with annual rental rates starting at $213 per month plus excise tax, and scheduled increases through 2030.
Contract Details
Contract Amount
Monthly: $213.00–$246.96; Annual: $2,556.00–$2,963.54; Leasehold Excise Tax extra (12.84%)
Vendor
INATIA FOUNDATION
Agency
City of Pasco, WA
Contract Type
FACILITIES
Document Date
January 27, 2025
Contract Term
Feb 3, 2025–May 31, 2030 (initial + options)
Renewal Date
2030-05-31
Renewal Info
Lease includes annual increases; renewal terms available beyond initial period with required insurance and tax escalation. Lease expires May 31, 2030 unless renewed or terminated under the agreement.
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