City of Racine - File #: 07-0611

• File #: 07-0611
• Version: A
• Name: Communication from Sam Azarian Jr. wishing to discuss purchasing the Marquette Street municipal parking lot.
• Type: Communication
• Status: Passed
• File created: 5/10/2007
• In control: Public Works and Services Committee
• Final action: 11/20/2007
• Title: Subject: Communication from Sam Azarian Jr. wishing to discuss leasing the Marquette Street municipal parking lot. Recommendation of the Transit and Parking Commission on 5-30-07: The Marquette Street municipal parking lot be leased to Sam Azarian Jr. for a cost of $1 contingent upon the upgrade of fencing and landscape, and the separation of lighting circuits. Fiscal Note: The lease will generate $1 to the Parking System Recommendation of the City Plan Commission on 6-13-07: That the proposed lease is not in conflict with adopted City plans and programs. Further, that the lease be approved. Fiscal Note: The lease price of the property will be determined by the Public Works and Services Committee. Recommendation of the Public Works and Services Committee on 11/13/07: The Mayor and City Clerk be authorized and directed to enter into a lease agreement with Sam Azarian, Jr., for the municipal parking lot located on Marquette Street just North of State Street, with the following sti...
• Related files: Res.07-0510

Date	Ver.	Action By	Action	Result
11/20/2007	A	Common Council	Approved as Presented	Pass
11/13/2007	A	Public Works and Services Committee
10/30/2007	A	Public Works and Services Committee
10/9/2007	A	Public Works and Services Committee
9/25/2007	A	Public Works and Services Committee
9/11/2007	A	Public Works and Services Committee	Deferred
8/28/2007	A	Public Works and Services Committee
8/14/2007	A	Public Works and Services Committee
7/31/2007	A	Public Works and Services Committee
7/10/2007	A	Public Works and Services Committee	Deferred
6/26/2007	A	Public Works and Services Committee	Deferred
6/13/2007	A	City Plan Commission	Recommended For Approval	Pass
6/12/2007	A	Public Works and Services Committee	Deferred
6/5/2007	A	Common Council	Referred
5/30/2007	A	Transit and Parking Commission	Recommended For Acceptance
5/15/2007	A	Common Council	Referred

Title
Subject: Communication from Sam Azarian Jr. wishing to discuss leasing the Marquette Street municipal parking lot.

Recommendation of the Transit and Parking Commission on 5-30-07: The Marquette Street municipal parking lot be leased to Sam Azarian Jr. for a cost of $1 contingent upon the upgrade of fencing and landscape, and the separation of lighting circuits.

Fiscal Note: The lease will generate $1 to the Parking System

Recommendation of the City Plan Commission on 6-13-07: That the proposed lease is not in conflict with adopted City plans and programs.

Further, that the lease be approved.

Fiscal Note: The lease price of the property will be determined by the Public Works and Services Committee.

Recommendation of the Public Works and Services Committee on 11/13/07: The Mayor and City Clerk be authorized and directed to enter into a lease agreement with Sam Azarian, Jr., for the municipal parking lot located on Marquette Street just North of State Street, with the following stipulations:

A. The term of the lease shall be for 20 years beginning January 1, 2008.
B. Either party may cancel this lease agreement after providing a 6 month written notice.
C. The Lessee shall provide all day-to-day maintenance including snow removal, litter control and grass cutting.
D. The rental rate shall be equivalent to $1.00 per year plus the stormwater fee which is assigned to this property.
E. Any capital improvements which are to be made to this property shall first be approved by the City of Racine.
F. If the City cancels the lease agreement prior to the 20 year term, the City agrees to pay to the lessee the cost of any capital improvements minus depreciation.
G. If the lease goes full term, the City shall not be responsible to pay any compensation to the lessee for any capital improvements.

Fiscal Note: This lease will relieve the City of Racine of maintenance responsibilities for this parking lot and will result in yearly revenues to the Parking System e...