March 4 Town Hall Update

Community Planning and Development (CPED) is working with ArtsSpace to transfer the facility to the city on April 1.

Please join us at Floowork to continue the conversation.
Saturday, April 6: 12:00–2:00pm
RSVP by April 5 requested.

The Cowles Center connects to the HCA building and currently shares property maintenance services with it, including fire safety and elevator operation, utilities such as electricity, water and gas, and property assessments. Property maintenance for the months of April to December 2024 are estimated to be $240,000:

Maintenance and Operating: $25,000
Utilities: $125,000
Property Taxes and Insurance Cost: $55,000
15% Contingency: $35,000

Staff recommends that the City assume the property management agreement with Performance Property Management Company, LLC, an affiliate of Artspace Projects, with a 30-day termination notice. The management agreement includes services related to accounting and bookkeeping, paying expenses such as utilities and building services, minimal on-site personnel to keep an eye on the vacant building and property boundary, and coordinating City staff for maintenance and repairs as needed.

Learn more.