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File #: 19-0230    Version: 1 Name: 3/4/19 Lease with Huron River Holdings for Argo Parking
Type: Resolution Status: Passed
File created: 3/4/2019 In control: City Council
On agenda: 3/4/2019 Final action: 3/4/2019
Enactment date: 3/4/2019 Enactment #: R-19-083
Title: Resolution to Enter a Lease with Huron River Holdings, LLC for Argo Overflow Parking at 412 and 416 Long Shore Drive ($48,000.00/4 years) (8 Votes Required)
Attachments: 1. Argo lease _ Huron River Holdins 2019.pdf, 2. DRAWING-416 Long Shore Dr Parking Map.pdf
Title
Resolution to Enter a Lease with Huron River Holdings, LLC for Argo Overflow Parking at 412 and 416 Long Shore Drive ($48,000.00/4 years) (8 Votes Required)
Memorandum
This resolution approves a one-year lease with up to three automatic renewals with Huron River Holdings, LLC for use of the parking lots at 412 and 416 Longshore Drive. These parking lots have been used to accommodate overflow parking needs at Argo since 2012 and help to reduce the amount of street parking in the neighborhood during the livery season by park users.

Terms of the lease allow the City to use the approximately 40 spaces in the west parking lot for park use only and used seven days per week, 9 a.m. to sunset. The additional 6 spaces in the west parking lot that are marked reserved and the approximately 12 spaces in the east parking lot will be available for park use on weekends and holidays only, providing additional parking for the Argo Park and Livery. The lease before you reflects an increase in the annual payment from $9,000.00 to $11,750.00 per season. The lease is effective from April 18 through October 25 of each year (livery season). The lease renews automatically for up to three years unless one of the parties opts out.

Budget/Fiscal Impact
The parking lots at 412 and 416 Longshore Drive provide up to an additional 58 parking spaces. It is expected that revenue from user fees will continue to offset the cost of leasing the parking lots for the livery season. Funding is available in the approved FY2019 Parks & Recreation Services General Fund operating budget and will be contained annually in the Parks & Recreation Services General Fund for future years of the agreement.

2019: $11,750
2020: $12,000
2021: $12,250
2022: $12,500

The Park Advisory Commission unanimously recommended approval of this lease at their January 29, 2019 meeting.
Staff
Prepared By: Colin Smith, Manager, Parks and Recreation
Reviewed By: Derek Delacourt, Community Services Area Administrato...

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