HomeMy WebLinkAbout~Master - One-Year Lease Extension for Welch Avenue Parking Lot T RESOLUTION NO. 18-296
RESOLUTION APPROVING A ONE-YEAR LEASE
FOR WELCH AVENUE CAMPUSTOWN LOT T PARKING LOT
AT 209 WELCH AVENUE
FOR THE CITY OF AMES,IOWA
WHEREAS, on May 23, 2017, City Council approved a one-year extension to the lease of
the lot located at 209 Welch (known as the Welch Avenue Campustown Lot T),which is owned by
Pizza Pit; and,
WHEREAS, Welch Lot T contains 29 spaces including ten rented and 19 metered spaces;
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 current lease will expire at the end of May 2018; and,
WHEREAS, Campustown Action Association (CAA) supports keeping the agreement for
Welch Lot T because it is used annually for several special events sponsored by CAA,and it is also
one of the few public parking areas in Campustown; and,
WHEREAS, the annual lease will be $15,142.05 with the City paying for 44.9% of the
annual property taxes, which is estimated to be $8,294.83; and,
WHEREAS,the expense will come from the City's Parking Fund, and the rental and meter
fees will be adjusted accordingly when the new rates go into effect July 1, 2018; and,
WHEREAS, it was previously directed by City Council that the City approve one-year
extensions keeping all terms the same until the parking rate changes in Campustown have been
implemented; and,
WHEREAS, staff will revisit continuing this lease agreement after the rate changes have
been in effect for this coming year.
NOW, THEREFORE,BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the one-year lease extension for the Welch Parking Lot T at the rate of$15,142.05 per year and
paying 44.9% of the annual property taxes,with financing from the City's Parking Fund, is hereby
approved.
ADOPTED THIS 22nd day of May, 2018.
Diane R. Voss, City Clerk John 1C Haila, Mayor
Introduced by: Betcher
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22nd day of May, 2018.