Archive for the ‘gift of public assets’ tag
Mobius Lease —
The proposed Mobius / Spokane Park Department lease includes this provision”
Third- Party Subleases on Lots A, B, & C. Tenant’s initial intent is to develop Lots A, B, and C of the Premises only for parking uses. Landlord’s prior reasonable approval is required if Tenant desires in the future to grant subleases, licenses agreements, concession agreements or the like on such lots for uses other than those directly related to science center purposes (e.g., office or retail uses that are not directly related to or in support of the operation of the science center) (collectively, “Third Party Subleases”).. Except as otherwise provided in Article 9 above, any audited net revenues from such Third Party Subleases shall be shared between the parties as follows: fifteen percent (15%) to Landlord (”Landlord’s Sublease Share”); and the remaining eighty-five percent (85%) to Tenant.
Section 23.3 Mobius / Park Department Draft Lease.
This may be where Mobius gets to use park land for its non-M0bius purposes. This is probably, or at least should be, a violation of Wash. Const. Art. VIII, Section 7 — gift of public assets or credit to private party.