PUBLIC NOTICE SUBLEASE OF PROPERTYThe City Council of the City of Charlotte (the "City") intends to enter into a sublease of the following property containing approximately 2,527 square feet of commercial retail space at 8115 Eastland Yards Blvd, Suite 106, Charlotte NC, located within the Mixed Use Parcel of Eastland Yards ("Property"). The City intends to sublease the Property to Alvaranga Realty, L.L.C., dba Suites By Alvaranga Collection (Sublessee), for commercial retail space to operate a licensed beauty and wellness salon for personal care services. The sublease will be for 5 years with an option to renew for 4 years. In consideration of the sublease, the Sublessee will pay the City $17 per rentable square foot for the first year, to be increased annually at a rate of 3% per annum including the option term, 12% of gross sales exceeding a natural breakpoint of $357,992 in any year, where gross sales include all income, and additional rent, its pro rata share of all Common Area Maintenance charges, Taxes, and Insurance as determined by City on a yearly basis. The Charlotte City Council will consider and intends to authorize this proposed transaction at its regularly scheduled meeting on January 12, 2026, beginning at 6:30 p.m. in the meeting chamber of the Charlotte-Mecklenburg Government Center at 600 East Fourth Street, Charlotte, N.C. Persons desiring to comment on this proposed property transaction should contact the City Clerk prior to the meeting and sign up to speak.4117415 12/9