HomeMy WebLinkAbout~Master - Lease for Welch Avenue Parking Lot T RESOLUTION NO. 12-273
RESOLUTION APPROVING THREE-YEAR LEASE FOR
WELCH AVENUE PARKING LOT T
FOR THE CITY OF AMES,IOWA
WHEREAS, on January 22,2002,the City Council approved a 10-year extension of a lease
with the owner of Pizza Pit for the Welch Lot T (209 Welch Avenue)parking lot property; and,
WHEREAS, this private property, which is located along the west side of Welch Avenue,
is being utilized as a public parking lot, and it contains 29 spaces, including 10 rented and 19
metered spaces; and,
WHEREAS,the City funded the construction of this new lot in 1992 for$74,000 after a lease
was obtained for the property; and,
WHEREAS, current lease agreement expires on May 30, 2012, and does not have another
option to renew; and,
WHEREAS, the proposed new lease provides for a 15% increased fee over the current fee
for a term to be determined by City Council; and,
WHEREAS, considering the current lease will expire before the opening of the new Ames
Intermodal Facility,which will add 384 new parking stalls to the Campustown area,staff approved
the owner,Tom Northrop, about the possibility of a three-or five-year lease to allow the City to be
responsive to potential effects this new facility may have on Campustown parking; and,
WHEREAS, a shorter term also gives staff time to financially evaluate its effect on the
Parking Fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the three-year lease extension for the Welch Avenue Parking Lot T at the rate of$15,142.05 per
year, and for 44.9% of the annual property taxes, is hereby approved.
ADOPTED THIS 22nd day of May, 2012.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Davis
Seconded by: Szopinski
Voting aye: Davis, Goodman, Larson, Orazem, Szopinski, Wacha
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22nd day of May, 2012.