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Town, ISC agree on short-term lease

Town leaders agreed to terms of a short-term lease with the International Storytelling Center organization last week as a closing on the ISC building draws nearer.
The town is buying the building from USDA Rural Development for $1 million, but that deal has yet to close. Town officials intend to purchase the building, then lease it back to the ISC for the organization’s continued use.
Town Attorney Jim Wheeler has been working to create a lease agreement and determine a lease payment that will satisfy all parties involved.
The plan is to have that lease ready for discussion at the October meeting of the Board of Mayor and ALdermen. But the town will likely close on the building sooner.
According to Town Administrator Bob Browning, the closing is expected to happen by the end of this month.
At last week’s Board of Mayor and Aldermen meeting, leaders agreed on an interim use agreement that would allow the ISC to continue operating out of the facility while a final lease agreement is still in the process of being created.
“This is in order for things to run as they are now,” said Mayor Kelly Wolfe. “This is more of a stop gap.”
BMA members agreed to the short-term lease, which will be in place until the formal, long-term agreement is finalized, or until Dec. 31 when they set the temporary lease to expire.
Alderman Terry Countermine made the motion to approve the interim use agreement, which was seconded by Alderman Chuck Vest. Alderman Homer G’Fellers also voted in favor of the lease. Alderman Jerome Fitzgerald was absent.