Town of Stem Work Session Minutes April 8 2026
Town considers merchant building lease with Batten
Trusted by teams at
Description
The Town of Stem board heard a proposal from John Batten to lease the merchant building at $400 per month for the first year with six months of rent abatement and $4,000–$5,000 in tenant-funded cosmetic improvements under a potential two-year lease. The board took no action but scheduled formal consideration of the lease proposal for its April 22, 2026 business meeting.
Contract Details
Contract Amount
$400 monthly rent for the first year with six months rent abatement; approximately $4,000–$5,000 investment in cosmetic improvements
Vendor
BATTEN, JOHN
Agency
Town of Stem, NC
Contract Type
FACILITIES
Document Date
April 8, 2026
Contract Term
Proposed two-year lease with renegotiation options, first year at $400/month with six months rent abatement, requested June 1, 2026 move-in
Renewal Info
Proposal includes a potential two-year lease term with options to renegotiate at the end of the period; no renewal terms formally approved yet.
More from Town of Stem
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.