Sponsor
Alderman Helding
Title
Mayor and City Clerk be authorized to enter into a lease agreement with Peter R. Mauer for use of river frontage at the terminus of Superior Street at the Root River
Resolved, that the Mayor and City Clerk be authorized and directed to enter into a lease agreement with Peter R. Mauer for use of 60 lineal feet of river frontage at the terminus of Superior Street at the Root River, including the right-of-way to the south line of Liberty Street excepting that portion which is utilized by CNH, Inc. as a driveway entrance, for a two-year period from January 1, 2011 to December 31, 2012 subject to the terms and conditions contained in the lease agreement dated April 14, 2000, except that the yearly annual rental shall be $788.70 for both years.
FISCAL NOTE: This agreement will result in approximately $1,577.40 in revenue to the City of Racine over the two-year period.