Item Coversheet

4.A.


Shakopee Economic Development Authority
February 6, 2024


FROM: Michael Kerski, Planning/Development Director 
TO:President and Board Members
Subject:
Approval of lease with CA Nails
Policy/Action Requested:
Approve lease with CA Nails from March 2024 through February 2029.
Recommendation:
Approve lease.
Discussion:

CA Nails has been a long term tenant at River City Centre.  

 

Their previous lease was very complicated and had them paying a percentage of taxes and operations, which was very hard to explain and calculate.

 

The new lease is strictly on a per square foot basis.  This brings their lease in line with the majority of the leases.

Budget Impact:
ATTACHMENTS:
Description
CA Nails Lease