HomeMy WebLinkAbout~Master - Extension of lease for Welch Parking Lot T RESOLUTION NO. 16-252
RESOLUTION APPROVING ONE-YEAR LEASE EXTENSION
FOR WELCH AVENUE PARKING LOT T
FOR THE CITY OF AMES, IOWA
WHEREAS,at its meeting on May 12,2015,the City Council approved a one-year extension
with Pizza Pit for the lease of Campustown Lot T located at 209 Welch Avenue; and,
WHEREAS,Welch Lot T contains 29 spaces,including 10 rented and 29 metered spaces,and
the lease will expire in May 2016; and,
WHEREAS, the City receives revenue from this lot through: 1) the leasing of the rental
spaces and 2) from the coin revenue from the meters; and,
WHEREAS, staff met with Tom Northrup, owner of the property, and he has requested that
the City approve another one-year extension keeping all terms and fees the same; and,
WHEREAS, the lease would be for Welch Parking Lot T at the rate of$15,142.05 per year,
and for 44.9% of the annual property taxes, with financing from the City's Parking Fund through
May 2017; and,
WHEREAS, staff also spoke with Campustown Action Association (CAA) in order to
determine its position regarding this lease renewal, as Welch Lot T is used annually for several
special events sponsored by the CAA; and,
WHEREAS, the CAA has indicated its support of extending the lease.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
a one-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, with financing from the City's Parking Fund, with the
lease expiring in May 2017 is hereby approved.
ADOPTED THIS 1 Oth day of May, 2016.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Gartin
Seconded by: Betcher
Voting aye: Betcher, Beatty-Hansen, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 1 Oth day of May, 2016.