Lease payments from Firland for Falleti expected to double
The city's revenue from Falleti Ice Arena is expected to double under terms of a new lease negotiated with Firland Management.
Lease payments will jump from $7,000 a year to $15,000 a year and by the fourth year of the lease, reaching $20,000 per year.
Proceeds from the lease, Batavia City Manager Jason Molino said, are held in reserve.
“Those funds are to be put into a capital improvement fund for capital improvements that may need to be done to the facility that the city is responsible for at a later point in time," Molino said.
The city council is expected to approve the lease at its next business meeting.