city-of-parkville-policy-report-on-train-depot-lease_3f9.pdf
Parkville Considers 7-Year Lease of Train Depot to Florist
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Description
The Parkville Board of Aldermen is considering approval of a 7-year lease agreement with White Farmhouse Flowers, LLC for the historic Train Depot. The agreement provides for annual rent, tenant-funded improvements, and potential rent credits based on up to $202,444 in investments. Public access and maintenance provisions are included.
Contract Details
Contract Amount
Annual rent based on 1,929 sq ft, with annual increases; maximum rent incentive/credit up to $202,444
Vendor
WHITE FARMHOUSE FLOWERS LLC
Agency
City of Parkville, MO
Contract Type
LEASE
Document Date
February 19, 2025
Contract Term
7 years
Renewal Date
2032-03-04
Renewal Info
Lease term is 7 years with a defined rent incentive structure; future City use is preserved for post-lease flexibility. Possible reimbursement of unused incentive if terminated for convenience.
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