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| December 20, 2018, City Council Regular Meeting | |
| Title 60. Motion to Approve Lease Agreement for 15 Parking Garage Spaces with 7 Drayton Street Hotel, LLC | |
| Strategic Priority Good Government | |
| Description 7 Drayton Street Hotel, LLC, which is developing The Drayton Hotel at Drayton and Bay streets, has requested 15 unassigned parking spaces in the Bryan Street Garage from 5 a.m. to 9 p.m. Monday through Friday at $85.00 per space ($15,300 annually), or the option of 24-hour access at $180.00 per space ($32,400 annually). 7 Drayton Street Hotel, LLC will be using the spaces to provide hotel guest parking. These rates are in accordance with the 2019 Revenue Ordinance. The 15 spaces requested are available. | |
| Recommendation Approval | |
| Contact Sean Brandon, Director Mobility & Parking Services Department | |
| Financial Impact Annual net revenue in the amount of $15,300 or $32,400 depending on type of agreement selected | |
| Review Comments | |
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Attachments 7 Drayton Hotel LLC Lease Agreement.pdf |
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