Title
An Ordinance approving the Lease Agreement between Roger L. and Sheryl L. Fender and the City of Lee's Summit, Missouri, for the use of the property at 216-218 SE Douglas Street for additional downtown public parking, and authorizing the Mayor to execute the same. (F&BC 2/10/20)
Body
Issue/Request:
An Ordinance approving the Lease Agreement between Roger L. and Sheryl L. Fender and the City of Lee's Summit, Missouri, for the use of the property at 216-218 SE Douglas Street for additional downtown public parking, and authorizing the Mayor to execute the same.
Key Issues:
The City has been leasing the property addressed as 216 & 218 SE Douglas Street from Roger and Sheryl Fender since 2005 for the purposes of providing public parking in the downtown area. The leased property is an extension of the public parking lot in which the City owns located immediately north of the leased property. The lease agreement expired on December 31, 2018, however the City continued to utilize and the lessor continued to permit public parking on the property. The City is seeking to renew the lease to provide for a three-year lease starting in 2020 with two one-year renewal periods which if renewed each year, the lease would terminate on December 31, 2024. As the property was utilized for public parking during the entire 2019 calendar year, the lease is structured to compensate the lessor for use of the property in 2019. The proposed lease payments therefore are structured as follows:
2019 - $6,200 (to be paid in conjunction with 2020 lease payment)
2020 - $6,200
2021 - $6,200
2022 - $6,200
2023 - $6,325
2024 - $6,325
The City has been incorporating the lease payments into the annual budget for the City since 2005.
One change from the previous Lease Agreements that is incorporated into the proposed Lease Agreement is the removal of the western 15 feet of property as that area of the subject parcels does not provide space for public parking, is currently undeveloped, an...
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