By: Diane Benjamin
This item is on the consent agenda, meaning unless it gets pulled there won’t be any discussion: http://www.normal.org/ArchiveCenter/ViewFile/Item/3274
This is the space the engineering department used before moving to the space in 1 Uptown Circle which costs the Town $35,248.77 a month now (See PDF page 10). Worse, the first floor of that building is STILL vacant – meaning the Town gets no Food and Beverage taxes to offset the rent.
Jump to PDF page 62:
- Rent is only $100 a month for Suite 201
- Taxpayers are paying $5,000 to extend the CIRBN fiber, if engineering previously had the space – it wasn’t already there? At $100 a month, it will take 50 months for taxpayers to get their money back.
- PDF page 62 says the lease is for 1 year, PDF page 64 says: The term of the Lease begins on May 1, 2019 and continues through December 31, 2020. (Duh, not 1 year)
- Also on PDF page 64: The Tenant will pay the Town a flat fee of $40 per month to cover water and sewer utility services. Evidently they are entitled to unlimited water.
- PDF page 62 states the lease is for Suite 201. The Lease agreement on PDF page 64 does not make it clear if tenant is leasing 201 and 202 or just 201.
- The documentation says this business will be “focusing on supporting business start-ups and will be functioning as a co-work space.” Uptown already had one that failed. The Chamber of Commerce already has a space and there is one in Downtown Bloomington. Is this business going to charge for use of space while paying only $100 in rent?
- The new Trail East building is supposed to have an ISU business incubator too
The plot thickens! The tenant – THE STARTUP BOX, LLC – only incorporated on 4/9/2019. Worse, guess what address they gave the State of Illinois as their corporate address?
It appears Clay Schumaker filed a fictitious address with the State since the Trustees have not yet approved the lease. Note also it says #202. It sure looks like Clay is getting two suites for $100 a month!
But, that’s still not all:
Refer back to PDF page 63 – 4th WhereAs:
Suddenly the name of the tenant changed – Square Ninety. So who is that?
Was the Town planning to lease under this name and realized somebody might think $100 a month for an existing company is suspicious? Square Ninety has a Facebook page explaining who they are:
Who is actually renting the space? Clayton Schumacher of Square Ninety or Clayton Schumacher of The StartUp Box?
Clayton lives at 920 S Fell. Chris Koos lives at 1014 S Fell. They probably never met though (cough).
This item needs to be pulled from the agenda and questions answered.
Taxpayers own this property. It is worth more than $100 a month – unless Mayor Koos wants to declare nobody is interested in renting property in Normal.