HomeMy WebLinkAbout~Master - Lease extension for Welch Parking Lot T RESOLUTION NO. 17-326
RESOLUTION APPROVING ONE-YEAR LEASE EXTENSION
FOR WELCH AVENUE PARKING LOT T
FOR THE CITY OF AMES, IOWA
WHEREAS, at its meeting on May 10, 2016, 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 the end of May 2017; 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, the Council previously directed that the City approve one-year extensions
keeping all terms and fees the same until such time that there is a clear direction as to what changes
are needed to the overall parking system in Campustown, which the study is currently underway;
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 2018; and,
WHEREAS, Campustown Action Association (CAA) supports keeping the lease for Welch
Lot T, because it is used annually for several special events sponsored by CAA. It is also one of the
few public parking areas in Campustown.
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 2018 is hereby approved.
ADOPTED THIS 23' day of May, 2017.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Gartin
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23'day of May, 2017.