City of Salem Agenda Packet 2026-05-26
City Approves Parking Lot Lease with M&B Hospitality LLC
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Description
The City of Salem City Council approved a five-year lease agreement with M&B Hospitality, LLC for use of a city-owned parking lot at a rate of $1,210 per month. The agreement includes a six-month cancellation clause and requires review by the City Attorney.
Contract Details
Contract Amount
$1,210 per month or $14,520 annually
Vendor
M&B HOSPITALITY LLC
Agency
City of Salem, VA
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
Five years, includes a six-month cancellation clause
Renewal Date
2031-05-26
Renewal Info
Agreement is for five years with a six-month termination clause; renewal or extension not detailed.
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