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Subject: (Direct Referral) Communication from the Assistant Commissioner of Public Works/Operations wishing to discuss the lease agreements with the United States Postal Service for renting parking spaces at McMynn Ramp and Lakefront Lot No. 5.
Recommendation: The Mayor and City Clerk be authorized and directed to execute the agreements on behalf of the City of Racine.
Fiscal Note: The Parking System will generate $1,032 in annual rent for two spaces in the McMynn Parking Ramp, and $8,160 in annual rent for 20 spaces in Lakefront Parking Lot No. 5, retroactive to April 1, 2006.