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Arts Alliance Lease Request for 716 Main Street <br />November 5, 2007 HRA Meeting <br />Page 2 of 2 <br />by the HRA, since this will provide additional energy to the downtown area and also fills a <br />storefront that has been problematic from a retail standpoint fox an extended period of time. <br />If the HRA is in agreement with the business items as presented, the next step would be to <br />have the city attorney prepare a formal lease for HRA review in December. It is anticipated <br />that if a lease is signed, that the Arts Alliance would immediately start the work and occupy <br />the building in early 2008. <br />S:ACommunity Development\Scott Clark\2007 I R2A memos\11 OS 07 Arts A1Gance lease.doc <br />