City of Red Wing City Council Regular Meeting Agenda 2026-06-08
City Renews 10-Year Lease with Runnings Supply Inc.
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Description
The City of Red Wing approved a new ten-year lease agreement with Runnings Supply Inc. for space in the 321 Potter Street building, with annual rent increases.
Contract Details
Contract Amount
Base rental rate of $2/sq ft/year with 3% annual increase
Vendor
RUNNINGS SUPPLY INC
Agency
City of Red Wing, MN
Contract Type
FACILITIES
Document Date
June 8, 2026
Contract Term
10 years
Renewal Date
2036-10-31
Renewal Info
Annual 3% rate increase throughout the 10-year term.
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