Description
Title: To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Sixth Amendment to Lease between the City of Richmond, as lessee, and Saul Subsidiary I Limited Partnership, as lessor, for the purpose of enabling the City to continue using 52,411± square feet of the property located at 4100 Hull Street Road for the Department of Neighborhood and Community Services and other City functions.
Summary
On April 27, 2026, the City of Richmond introduced Ordinance No. 2026-098, which authorizes the Chief Administrative Officer to execute a Sixth Amendment to Lease with Saul Subsidiary I Limited Partnership. This amendment allows the City to retain 52,411 square feet at 4100 Hull Street Road for the Department of Neighborhood and Community Services and other city functions. The current lease, which expired in March 2025, has been extended for up to 15 years, with an option for an additional 5 years. The new annual rent is reduced to $399,075, providing significant savings for the City. This legislation is crucial for maintaining access to essential city services in the Southside community, reflecting ongoing