HomeMy WebLinkAbout~Master - Executive Express Lease at Intermodal Facility RESOLUTION NO. 19-157
RESOLUTION APPROVING EXECUTIVE EXPRESS LEASE
AT INTERMODAL FACILITY
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, in 2016, staff prepared a three-year agreement for Executive Express that
expires June 30,2019,and its service began operating from the Intermodal Facility on July 1,2012;
and,
WHEREAS,over the last several months,staff has worked with the carrier to negotiate a new
five-year agreement that will provide office/waiting room/van storage space for Executive Express
service to the Des Moines International Airport; and,
WHEREAS,in negotiating a new lease agreement,the following issues were modified in the
new lease agreement:
• Contract term to a five-year agreement-lease starting on July 1, 2019 and expiring
on June 30, 2024
• Exclusion of contract terms regarding a contract extension,as a five-year contract is
a maximum allowed by the Federal Transit Administration
• First year's lease rate is $1,393 per month. The current lease rate is $1,372. Both
rates include a$300 per month utility fee
• Addition of Producer Price Index as the method to determine annual rate
modifications
• Addition of Arbor Street to excluded streets in traveling to facility
• Removing previous Director of CyRide's contact person
• Updating CyRide's mailing address
WHEREAS, the Agreement has been reviewed and approved by the City of Ames Legal
Counsel and Risk Manager; ISU's Project Manager for the Intermodal facility; and Executive
Express' owner; and,
WHEREAS,the Transit Agency Board of Trustees approved the Executive Express five-year
lease at their April 11, 2019, meeting.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Ames Intermodal Facility Commercial Tenant Lease with Executive Express for a five-year
period starting July 1, 2019, is hereby approved.
ADOPTED THIS 23rd day of April, 2019.
Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Martin
Seconded by: Beatty-Hansen
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23' day of April, 2019.