Economic Matters Committee

City of Annapolis 160 Duke Of Gloucester Street Annapolis, MD 21401 Standing Committee Minutes Thursday, January 18, 2018 10:30 AM Joint Committee Meeting Mayor John T. Chambers Jr., City Council Chambers Economic Matters Committee Economic Matters Committee Standing Committee Minutes January 18, 2018 1. Call To Order Chairman Rodriguez called the meeting to order at 10:38 a.m. 2. Roll Call Present: 3- Rodriguez, Finlayson and Savidge 3. Legislation before Committee O-5-18 Lease of the Market House - New Market, LLC - For the purpose of authorizing the lease of the Market House to New Market, LLC, the Master Tenant for a certain period of time, subject to certain terms, provisions and conditions; and matters generally relating to said lease. Alderman Paone, Alderwoman Tierney, Alderwoman Pindell Charles, Procurement Officer Snyder, Finance Director Miller, and Assistant City Attorney Leonard were present. City Negotiating Committee members Joe Budge and Fred Sussman, along with City Manager Andrews gave a joint presentation to the Committee which included a brief re-cap on O-5-18 from Joe Budge. Alderman Arnett requested a copy of Joe Budge's presentation. Procurement Officer Snyder clarified the Market House rental rates. Chairman Rodriguez believes that the Market House vastly differs from any other competing business around the City and immediate surroundings. Fred Sussman suggested that some of the discussions with New Market during negotiating be conducted in Closed Session (following all Open Meeting Act rules and regulations). Alderman Arnett would like to more fully understand the term "strictly comply" with the business summary. Alderman Arnett would like to add "6 months before the lease is due what are the City's intentions?". Fred Sussman believes that the business summary as it now stands is too detailed and will need to be rewritten. Alderwoman Tierney asked if having a scoring mechanism in place during the negotiations would have been more efficient. Assistant City Attorney Leonard will provide the Committee with examples of "Additional Rent" to help clarify the meaning. Alderwoman Tierney would like an Equipment Conveyance list. City Manager Andrews stated that there is currently a list. The next Joint Committee meeting will be scheduled for Thursday, January 25, 2018 at 10:00 a.m.; first (2) hours to be a closed session. 4. Adjournment Upon motion duly made, seconded and adopted, the meeting was adjourned at 12:58 p.m. Teekia Green City Council Associate City of Annapolis Page 1