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Home My WebLink About148-21 RESOLUTIONOF FPY ETTf L V m 9 F1:4NSPS 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 148-21 File Number: 2021-0340 LFKDF, LLC: A RESOLUTION TO APPROVE A FOUR YEAR LEASE AGREEMENT WITH LFKDF, LLC FOR FOUR PARKING SPACES IN THE PUBLIC PARKING LOT ADJACENT TO 112 WEST CENTER STREET FOR USE BY THE FEDERAL PUBLIC DEFENDER'S OFFICE IN THE AMOUNT OF $50.00 PER SPACE PER MONTH BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a four year lease agreement with LFKDF, LLC., a copy of which is attached to this Resolution and made a part hereof, for four parking spaces in the public parking lot adjacent to 112 West Center Street for rent in the amount of $50.00 per space per month. PASSED and APPROVED on 6/1/2021 Approv ioneld Jordan. or Attest: `.�` 1a E R t t f, I� i 4*2 �ej' Cl rY •.��;. Kara Paxton, City Clerk Trersutek�, .cn.v y•� Page 1 Printed on &WI City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Text File File Number: 2021-0340 Agenda Date: 6/1/2021 Version: 1 Status: Passed In Control: City Council Meetinq Agenda Number: A.3 LFKDF, LLC: File Type: Resolution A RESOLUTION TO APPROVE A FOUR YEAR LEASE AGREEMENT WITH LFKDF, LLC FOR FOUR PARKING SPACES IN THE PUBLIC PARKING LOT ADJACENT TO 112 WEST CENTER STREET FOR USE BY THE FEDERAL PUBLIC DEFENDER'S OFFICE IN THE AMOUNT OF $50.00 PER SPACE PER MONTH BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a four year lease agreement with LFKDF, LLC., a copy of which is attached to this Resolution and made a part hereof, for four parking spaces in the public parking lot adjacent to 112 West Center Street for rent in the amount of $50.00 per space per month. City of Fayetteville, Arkansas Page 1 Printed on 61212021 Justin Clay Submitted By City of Fayetteville Staff Review Form 2021-0340 Legistar File ID 6/1/2021 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 4/30/2021 PARKING MANAGEMENT (430) Submitted Date Division / Department Action Recommendation: Approving a lease agreement with LFKDF, LLC, to reserve four (4) parking spaces for the Federal Public Defender's Office Budget Impact: Account Number Project Number Budgeted Item? NA Current Budget Funds Obligated Current Balance Does item have a cost? No Item Cost Budget Adjustment Attached? NA Budget Adjustment Purchase Order Number: Change Order Number: Original Contract Number: Comments: Remaining Budget Fund Project Title V20180321 Previous Ordinance or Resolution # Approval Date: CITY OF FAYETTEVILLE ARKANSAS MEETING OF JUNE 1, 2021 TO: Mayor and City Council THRU: Susan Norton, Chief of Staff Chris Brown, Public Works Director/City Engineer FROM: Justin Clay, Parking Manager DATE: April 30, 2021 CITY COUNCIL MEMO SUBJECT: Approving a lease agreement with LFKDF, LLC, to reserve four (4) parking spaces for the Federal Public Defender's Office RECOMMENDATION: Staff recommends approving a lease agreement with LFKDF, LLC, to reserve four (4) parking spaces in the Center Street parking lot for the exclusive use of the Federal Public Defender's Office. BACKGROUND: In 2019, the City Council approved Resolution 109-19, authorizing a sublease agreement for reserved parking between the City and Tower Square, LLC. At that time the parking lot was owned by the Off - Street Parking Development District and the 112 W. Center Building (formerly known as the EJ Ball building) was owned by Tower Square Fayetteville, LLC. One tenant of the building, the Federal Public Defender's Office, requested four (4) reserved parking spaces in the Center Street parking lot, located behind the 112 W. Center Building, citing the sensitive nature of the files and clientele that frequently enter and exit their office. At their March 28, 2019, meeting, the Off -Street Parking (OSP) Commission heard and granted the request from the Federal Public Defender's Office to reserve four (4) parking spaces at a rate of no less than $50 per space per month. The OSP commission then took affirmative action authorizing the City to execute a two-year sublease agreement to convert these spaces to "reserved" spaces. DISCUSSION: Since the original sublease agreement, the parking lots owned by the Off -Street Parking Development District have been transferred to the City and LFKDF, LLC, now owns the 112 W. Center property. The sublease agreement is set to expire and this proposed lease agreement between the City and LFKDF, LLC, renews and extends the terms of original sublease agreement to allow the Federal Public Defender's Office to continue to reserve four (4) parking spaces in the Center Street parking lot for a period of four (4) years. BUDGET/STAFF IMPACT: Continued annual revenue of $2,400 for the reserved spaces. Attachments: Lease Agreement with LFKDF, LLC Exhibit A Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 LEASE AGREEMENT BE IT KNOWN TO ALL: T at the City of Fayetteville, Arkansas (the "City") and LFKDF, LLC on this day of J , 2021, hereby agree that: Four (4) metered spaces adjacent to the 112 W. Center building (formerly known as the Ball Plaza building), as shown in the attached Exhibit "A", will be allocated for reserved parking to be used by the Federal Public Defenders Office. The City of Fayetteville is responsible for collecting payment from LFKDF, LLC which has agreed to lease the spaces and pay $50.00 per space per month for the reserved spaces. Meters will be reinstalled by the City and reserved parking will end for these spaces four (4) years from the effective date of lease unless LFKDF, LLC and the City of Fayetteville, by mutual agreement, choose to extend or terminate the lease before that time, or if payment is not received by the City of Fayetteville in accordance with the lease. Each monthly payment is due in advance and payable on or before the first of each month. IN WITNESS WHEREOF, the parties hereto have caused their signatures to be set by their authorized representative effective the date set forth herein above. LFKDF, LLC Christin&zdnington Principal, Executive VP of Property Management WITNESS: Molly Valentine ATTEST: GOER K GITVO Kara Paxton, Ci Clerk-Treasgrer:. c4} ;m i,��G I'ON0, ,�� 185 W Meadow St / D-Lot & Lot 7 165 Parking Stalls Center St Sidewalk 31 66 ///////// Lot 7-33 1 32 67 Lot 7-1 Lot 7-34 2 33 68 Lot 7-2 Lot 7-35 A 3 34 69 Lot 7-3 Lot 7-36 L 4 35 70 Lot 7-4 Lot 7-37 L 5 36 71 Lot 7-5 Lot 7-38 E 6 37 72 Lot 7-6 Lot 7-39 Y 38 73 Lot 7-7 Lot 7-40 39 74 Lot 7-8 Lot 7-41 40 75 Lot 7-9 Lot 7-42 41 76 Lot 7-10 Lot 7-43 42 77 Lot 7-11 Lot 7-44 Utilities 43 78 Lot 7-12 Lot 7-45 44 79 Lot 7-13 Lot 7-46 Dumpsters 45 80 Lot 7-14 Lot 7-47 11 46 81 Lot 7-15 Lot 7-48 12 47 82 Lot 7-16 Lot 7-49 13 48 83 Lot 7-17 Lot 7-50 14 49 84 Lot 7-18 Lot 7-51 U 15 50 85 Lot 7-19 Lot 7-52 16 51 86 Lot 7-20 Lot 7-53 17 52 87 Lot 7-21 Lot 7-54 18 53 88 Lot 7-22 Lot 7-55 19 54 89 Lot 7-23 Lot 7-56 20 55 90 Lot 7-24 Lot 7-57 A 21 56 91 Lot 7-25 Lot 7-58 22 57 92 Lot 7-26 Lot 7-59 23 58 93 Lot 7-27 Lot 7-60 24 59 94 Lot 7-28 Lot 7-61 25 60 95 Lot 7-29 Lot 7-62 26 61 96 Lot 7-30 Lot 7-63 27 62 97 Lot 7-31 Lot 7-64 28 63 98 Lot 7-32 Lot 7-65 29 64 99 30 65 100 Sidewalk Meadow St