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AI# 11933  Regular City Council Meeting 5.10. 09/26/2023:

Information

Agenda Item

Resolution - Right-of-Way: Consider a resolution authorizing the Mayor to execute a Parking Lease Agreement, and all related documents, by and between the City of Lubbock and Cast Iron Grill, for the use of parking spaces on City-owned property at 1801 Crickets Avenue.

Item Summary

The lease agreement renewal between the City of Lubbock and the Cast Iron Grill, located at 620 19th Street, is for the use of 72 parking spaces on CityoOwned property at 1801 Crickets Avenue. Cast Iron Grill requested the lease to provide employees and customer additional parking between the hours of 6:00 a.m. and 2:00 p.m., Monday-Friday. The term of the lease is 2 years.   The City will receive $600 per month calculated as follows: $25 per space (the current market rental rate for downtown parking) x 72 spaces x 1/3 day (8 hours) = $600.00 a month.

Fiscal Impact

$600 monthly revenue to the General Fund

Staff/Board Recommending

Erik Rejino, Assistant City Manager Michael G. Keenum, P.E., Division Director of Engineering/City Engineer

Attachments Cast Iron Grill Resolution 2023 Cast Iron Grill Parking Lease Agreement 2023 Cast Iron Grill 2023 GIS Map

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