| | | | | | | | ALAMOSA CITY COUNCIL
COUNCIL COMMUNICATION
|
| | | | | | | | Subject/Title:
Motion authorizing the City Manager to sign a lease agreement with C & J Hsu Ltd. for the improvement and use of a downtown parking lot. |
| | | | | | | | Recommended Action:
Staff recommends that City Council authorize the City Manager to sign the attached lease agreement with C & J Hsu Ltd. for the improvement and use of a downtown parking lot.
|
| | | | | | | | Background:
Both the City Comprehensive Plan and Downtown Plan identified the need to increase parking downtown. The Development Services Director was successful in securing a $430,000 DOLA REDI grant to fund two downtown parking lot projects: 1) partnership with Friday Health for the development of a new parking lot on 6th Street and 2) partnership with Alamosa State Bank and C & J Hsu Ltd. for the redesign of a parking lot on 4th Street. The match used for the grant was $100,000 from the City as authorized by City Council and over $135,000 from Friday Health. The redesign of the parking lot on 4th Street will add an additional 38 parking spots for the downtown.
The lease agreement with C & J Hsu Ltd. includes the following provisions:
- Initial term runs until December 31, 2028 and renews annually thereafter.
- C & J Hsu Ltd. will retain the ability to use their 9 spots during regular business hours (Monday-Friday 8:00 a.m. to 5:00 p.m.). All other times will be available for public parking.
- The City will maintain the parking lot.
The lease and exhibit are attached. The lease with Friday Health will be on an upcoming agenda. |
| | | | | | | | Issue Before the Council:
Does City Council wish to authorize the City Manager to sign the attached lease with C & J Hsu Ltd.?
|
| | | | | | | | Alternatives:
Council can authorize the City Manager to sign the attached lease or provide further direction. However, C & J Hsu Ltd. has agreed to the existing terms and may not be agreeable to any changes.
|
| | | | | | | | Fiscal Impact:
City Council had authorized the use of $100,000 of ARPA funds for the match for this grant. The grant brings in $430,000 and combined with Friday Health's match of over $135,000, this represents a significant investment for downtown.
|
| | | | | | | | Legal Opinion:
The City Attorney will be present for any questions.
|
| | | | | | | | Conclusion:
The combination of the City's investment, Friday Health's contribution, and the REDI grant mean that over $665,000 will be spent creating approximately 215 new parking spots in the downtown, which is a major step forward in meeting the goal of more parking. |
|