THAT’S EXPENSIVE BEER!
So, what is going on with Wacker Brewing Company and the city over 425 W. King Street? The city owns 425 W. King Street.
On January 1st of 2018, the two parties signed a five year lease agreement with Wacker paying the city $554 a month to use the property for warehousing and storage.
The problem: There is no termination clause in the lease.
The city needs the property now for one of the two new fire stations.
Bryan Kepner, the president of Wacker, sent the city a letter stating he felt $495,000 would be just compensation for his company for the city breaking the lease.
Unless an agreement between the two is made prior, council voted last night to move this to the city council meeting on June 11th for a final vote. The city would use “eminent domain” to terminate the lease.
Oh, this should be interesting! How many lawyers will get involved? Maybe the city should consider putting a termination clause in their leases? And maybe Mayor Sorace and Kepner could work all this out over a beer?
We will see…
WHO WAS HIGH?
“I recommend we table this,” city council president James Reichenbach said to council members last night about the salary study. He said they have “bigger things” to concern themselves with. Yes, they do!
And there was no marijuana ordinance update. Mayor Sorace “explained” that she and police chief Jarrad Berkihiser got confused between June and July. The update will actually come in July. Hmmm…
And council went after Wacker Brewing Company and their president Bryan Kepner big time. It’s a long, involved story that will be coming but Kepner wants $495,000 over a $554 per month lease. Oh, there was outrage!
Click here to watch the video of last night’s meeting (in three parts) and check back later today.