LOCKPORT – Mayor Michael W. Tucker said Tuesday he expects the Trek Inc. lease on space at Harrison Place to be signed today.

“It’s just a formality,” he said.

Trek and the city have agreed on a 10-year lease with a 10-year renewal option on the lower two floors of the three-story, 96,000-square-foot Building 4 at Harrison Place, the former Harrison Radiator plant at Walnut and Washburn streets.

The electronic instrument maker is to relocate from Medina. About 100 jobs are to be created, combining the existing employment at Trek with expected growth in the next few years.

“This was the dream project. You always hope someone will come in and take a whole building,” Tucker said, noting that Trek has an option on the third floor of Building 4. “That whole complex will grow off this.”

He said Trek will be paying 210 Walnut LLC, the city-controlled private entity that owns the complex, more than $300,000 a year to lease the two stories covered by the deal.

Corporation Counsel John J. Ottaviano said the lease payment is a “not-to-exceed” amount because of the variables involved in covering the bank loan 210 Walnut obtained to pay for interior renovations to accommodate Trek.

Tucker said D.R. Chamberlain, the Lockport contractor handling that work, will meet with its subcontractors today to formally kick off the project.

However, interior demolitions and asbestos removal have been going on for a couple of months.

Trek President Michael Dehn could not be reached to comment Tuesday.

In other matters on today’s agenda for the Common Council, Girasole-Penale Appraisal of Niagara Falls is to be hired on a 14-month, $42,500 contract to serve as city assessors once Joseph Macaluso retires on March 28.

Tucker said the length of the contract was chosen to get the city through a scheduled citywide property revaluation set for 2014.

“It’s a service Joe [Macaluso] is comfortable with. Tony Girasole has done some work with us before,” Tucker said. “It’s a professional service, so we don’t have to bid it.”

Also, the Council is expected to approve employment contracts with the new operators of the water filtration and wastewater treatment plants.

Peter S. Degnan will be in charge of the water plant, and Douglas E. Sibolski will run the sewer plant. Both will be paid $75,000 a year, which is a $12,000 raise over the salaries currently being made by those veteran city employees.

They replace Director of Utilities Paula M. Sattelberg, who retired Dec. 28. She was in charge of both plants, but Tucker said it’s apparent that the city can get by without such a post.

Sibolski is chief process operator at the sewer plant and Degnan is chief treatment plant operator at the water plant.