CITY OF TEXARKANA, AR

REQUEST FOR BOARD ACTION

 

AGENDA TITLE: Adopt a Resolution authorizing and directing the City Manager to enter into a lease agreement with Pagame Properties LLC, for 36 to 64 parking spaces. (PWD)

AGENDA DATE:  05/07/2018

ITEM#:  8

DEPARTMENT: Public Works Department

DATE SUBMITTED: 04/05/2018

PREPARED BY:  Tracie Lee, Assistant Public Works Director

SUBJECT:  Lease for 36 to 64 Parking Spaces at 202 Hazel Street

EXHIBITS:  Resolution, Lease, and proposed parking lot exhibit.

APPROVAL: 

EXPENSE REQUIRED: $0.00

AMOUNT BUDGETED: $0.00

APPROPRIATION REQUIRED:  $0.00

SUMMARY:  The City Manager and staff is requesting authorization to enter into a lease agreement with Pagame Properties LLC for 36 to 64 parking spaces located at 202 Hazel Street.  Pagame Properties LLC desires to lease parking spaces for the purpose of parking tenants’ motor vehicles. The number of parking spaces shall be contingent on final design plans and approved building permit.

BOARD ACTION:  The City Manager and staff recommend board approval.

EMERGENCY CLAUSE:  No emergency clause is requested. 

 

 

 

RESOLUTION NO. ______

WHEREAS, Pagame Properties, LLC, has submitted a request to lease 36 to 64 (contingent on final design plans and approved building permit) City-owned parking spaces generally located at 202 Hazel Street for the purpose of parking tenants’ motor vehicles; and

WHEREAS, Ark. Code Ann. §14-54-104 confers upon a city of the first class the power to lease public grounds; and

WHEREAS, it is the opinion of the Board of Directors of the City Texarkana, Arkansas, that the consideration set forth in the proposed lease, which also requires the Lessee to maintain the parking spaces, is adequate; and

WHEREAS, for reasons including, but not limited to, the continued improvement, use and vitalization of and the long-term investment by private parties in downtown Texarkana, it is the opinion of the Board of Directors that the proposed lease serves a public purpose and that it is in the best interest of the City to enter into the proposed lease; and

            WHEREAS, the City Manager and staff recommend approval;

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the City of Texarkana, Arkansas, that the City Manager is hereby authorized to enter into the attached Lease Agreement with Pagame Properties, LLC.  

PASSED AND APPROVED this 7th day of May, 2018.

 

_____________________________

Ruth Penney Bell, Mayor

 

 

ATTEST:

 

________________________________

Heather Soyars, City Clerk

 

APPROVED:

 

________________________________

George M. Matteson, City Attorney