Resolution - Right-of-Way: Consider a resolution authorizing the Mayor to execute a Street Use License and all related documents, by and between the City of Lubbock and A & A Skibell Equities, LLC, d/b/a KFC, located at 5004 Slide Road, Lubbock County, Texas.
Item Summary
Upon authorization, this Street Use License will grant the right to A & A Skibell Equities, LLC, d/b/a KFC, to utilize a 1073.5 square-foot portion of the dedicated right-of-way, for a restaurant's paved drive-up lane. The Right-of-Way Department has valued the encroachment at $5.00 per square foot, for a total cost of $5,367.50, of which 10 percent per annum shall be collected. The term of this license shall be for 5 years from date hereof, and shall be automatically extended for successive 5-year terms, not to exceed 20 years. The license fee for each 5-year period is $2,683.75.
Fiscal Impact
$2,683.75 revenue to the General Fund
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Attachments
Resolution - Street Use License - A & A Skibell Equities, LLC dba KFC
Street Use License - A & A Skibell Equities, LLC dba KFC
Exhibit A -Street Use License - A & A Skibell Equities, LLC dba KFC