HomeMy WebLinkAbout~Master - Approving a New Two-Year Lease Agreement for Welch Lot T in CampustownRESOLUTION NO. 25-200
RESOLUTION APPROVING A NEW TWO-YEAR LEASE AGREEMENT FOR
WELCH LOT T IN CAMPUSTOWN
FOR THE CITY OF AMES, IOWA
WHEREAS, the City of Ames has leased property at 207 Welch Avenue to provide public
parking in Campustown, known as Welch Lot T. The current lease expires on May 31, 2025. Under
this lease, the City pays an annual rent of $16,950 and reimburses two-thirds of the annual real
estate taxes assessed on the land; and,
WHEREAS, it was the direction of the City Council to pursue a two-year lease extension
under the current financial terms, while also increasing parking rates at Welch Lot T to reduce the
annual operating deficit. The revised rates—$1.50 per hour for metered stalls and $80 per month
for reserved stalls—will be implemented administratively by updating the Official Parking Meter
Map; and,
WHEREAS, a new two-year lease agreement that maintains the existing rent and tax
reimbursement structure has been drafted and signed by the property owner.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the New Two-Year Lease Agreement for Welch Lot T in Campustown is hereby approved.
ADOPTED THIS 13th day of May, 2025.
_________________________________ ___________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Beatty-Hansen
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 13th day of May, 2025.