City Evaluates New Ten-Year Lease at 400 Village Center
City of North OaksCity · MN- Disclosed value
- Landlord improvement allowance $329,910 ($70.00/RSF); additional out-of-pocket improvements approx. $55,090 plus $22,000 for cabling, card readers, finishes; 3 months gross rent abatement and 3 months net rent abatement totaling $51,112; starting net rent $15.50/RSF with 3% annual escalations
- From agendapacket
- Document date
- Jul 1, 2026
The 30-second brief
The City of North Oaks is considering a ten‑year lease for 4,713 square feet at 400 Village Center Drive to co‑locate City and NOHOA offices with new council chambers, supported by a $70 per square foot landlord improvement allowance and six months of combined rent abatement valued at approximately $51,112. The proposed starting net rent is $15.50 per square foot with 3% annual escalations, and the City would fund additional build‑out costs beyond the allowance.
LANDLORD holds this facilities contract with City of North Oaks. Its other public contracts on record include work for The Valley School Of Southern Oregon and Niagara County.
Term as filed: Proposed ten (10) year lease for 4,713 RSF at 400 Village Center Drive; lease to be drafted by 11/1/2026 and executed on or before 12/15/2026; anticipated construction start around 3/1/2027 following current tenant’s vacancy on or about 2/28/2027.
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Contract details
- Contract type
- Facilities
- Amount
- Landlord improvement allowance $329,910 ($70.00/RSF); additional out-of-pocket improvements approx. $55,090 plus $22,000 for cabling, card readers, finishes; 3 months gross rent abatement and 3 months net rent abatement totaling $51,112; starting net rent $15.50/RSF with 3% annual escalations
- Document date
- July 1, 2026
- Term
- Proposed ten (10) year lease for 4,713 RSF at 400 Village Center Drive; lease to be drafted by 11/1/2026 and executed on or before 12/15/2026; anticipated construction start around 3/1/2027 following current tenant’s vacancy on or about 2/28/2027
- Vendor
- LANDLORD
- Agency
- City of North Oaks
- Source document
- City of North Oaks Agenda Packet Office Space Update 2026-07-01 (AgendaPacket)
LANDLORD's other public contracts
More City of North Oaks contracts
Questions about this contract
Who was awarded the facilities contract by City of North Oaks?
LANDLORD was awarded this facilities contract by City of North Oaks, as recorded on July 1, 2026. The contract value is Landlord improvement allowance $329,910 ($70.00/RSF); additional out-of-pocket improvements approx. $55,090 plus $22,000 for cabling, card readers, finishes; 3 months gross rent abatement and 3 months net rent abatement totaling $51,112; starting net rent $15.50/RSF with 3% annual escalations.
How much is the LANDLORD contract with City of North Oaks worth?
The LANDLORD contract with City of North Oaks is valued at Landlord improvement allowance $329,910 ($70.00/RSF); additional out-of-pocket improvements approx. $55,090 plus $22,000 for cabling, card readers, finishes; 3 months gross rent abatement and 3 months net rent abatement totaling $51,112; starting net rent $15.50/RSF with 3% annual escalations, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of North Oaks Agenda Packet Office Space Update 2026-07-01 (AgendaPacket), dated July 1, 2026 from City of North Oaks. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does LANDLORD hold?
LANDLORD may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of North Oaks currently buying?
Explore City of North Oaks's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.