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| November 21, 2017 City Council Regular Meeting | |
| Title Motion to Approve First Amendment to Lease Agreement with Liberty Tattnall Partners, LLC | |
| Description City staff have reached an agreement to lease a maximum of 125 spaces in the Liberty Street Parking Garage to Liberty-Tattnall, LLC for spaces needed to build a hotel at the corner of Liberty Street and Tattnall Street, subject to City Council approval. This is an amendment to a current lease with Liberty-Tattnall that increases the number of spaces requested and the rate of “24-hour-access” to reflect higher rates that are now assessed to hotels. Capacity within the Liberty garage does currently allow for the spaces sought by Liberty-Tattnall, LLC. The annual estimated revenue to the City for the 24-hour-access spaces under this agreement is $222,000.00. | |
| Recommendation Approval | |
| Contact Sean Brandon, Mobility and Parking Services Director Brooks Stillwell, City Attorney | |
| Financial Impact $40 per space, per month for access between the hours of 5 a.m. and 9 p.m. Monday through Friday, and $148 per space, per month for 24-hour access. Annual revenue with 24-hour access: $222,000.00 | |
| Review Comments | |
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Attachments Liberty Tattnall Partners, LLC First Amendment to Lease.pdf |
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