HomeMy WebLinkAbout~Master - Intermodal Facility Commercial Tenant Lease with Executive Express RESOLUTION NO. 13-280
RESOLUTION APPROVING INTERMODAL FACILITY COMMERCIAL TENANT
LEASE WITH EXECUTIVE EXPRESS
FOR THE CITY OF AMES,IOWA
WHEREAS,under the approved Intermodal Facility operating agreement between the City of
Ames and Iowa State University, CyRide staff is charged with negotiating leases for the terminal area
of the building; and,
WHEREAS, last year, staff prepared a one-year agreement for Executive Express that expires
June 30, 2013, and its service began operating from the Intermodal Facility on July 1, 2012; and,
WHEREAS,over the last six months,staff has worked with the carrier to negotiate a second year
lease agreement that will provide office/waiting room space for Executive Express; and,
WHEREAS, in negotiating a new lease agreement, the following sections of the existing lease
agreement were modified: contract term, utility costs were added at a per-month cost, parking spaces
for employee vehicles, insurance and indemnity clauses, and termination for convenience; and,
WHEREAS, the agreement has been reviewed and approved by the City's Legal Counsel and
Risk Manager and by ISU's Project Manager for the Intermodal Facility, as well as its legal and risk
management personnel; and,
WHEREAS, the 2013-2014 lease rate will remain unchanged at $1,000 per month based on a
review of the Producer's Price Index (PPI) as of January 2013,which is unchanged from the 2012 PPI
rate; and,
WHEREAS,the Transit Board of Trustees approved the Executive Express one-year lease at its
June 12, 2013, meeting, and recommended revisions to the agreement discussed by the Transit Board
at that meeting have been incorporated into the agreement.
ADOPTED THIS 25th day of June, 2013.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Davis
Voting aye: Davis, Goodman, Larson, Szopinski, Wacha
Voting nay: None Absent: Orazem