Fiscal Note
Annual rent payable for the first lease year shall be in the amount of $1,231.20 and shall be deposited into the General Fund (Acct. No. GN01-78220). Rent shall be subject to a 3% annual increase beginning on the first anniversary date of the lease.
Title
Authorizing the Mayor and City Clerk to execute a lease with Teresa P. Ouabel and Rachid Ouabel for a portion of the City’s East Rail Corridor located adjacent to 2302 Atwood Avenue.
Body
WHEREAS, Teresa P. Ouabel and Rachid Ouabel are the owners of the building located at 2302 Atwood Avenue (the “Abutting Property”); and
WHEREAS, the Ouables intend to lease out the Abutting Property to an ice cream shop operator and desire to improve that portion of the City’s East Rail Corridor located adjacent to and behind the Abutting Property as a patio area that may be used by the customers of such business; and
WHEREAS, the Ouables desire to enter into a lease with the City to accommodate the patio area; and
WHEREAS, City Engineering Division staff have reviewed and approve of the granting of a lease; and
WHEREAS, the terms of a lease have been negotiated between the Office of Real Estate Services and Teresa P. Ouabel and Rachid Ouabel.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Clerk are authorized to execute a lease with Teresa P. Ouabel and Rachid Ouabel (collectively, the “Lessees”) on the following terms and conditions:
1. The City shall lease to the Lessees a portion of the East Rail Corridor identified on attached Exhibit A as the “Leased Premises,” which area is contiguous to the Lessees’ Property located at 2302 Atwood Avenue (the “Abutting Property”).
2. The Leased Premises consists of approximately 1,368 sq. ft. and shall be used by the Lessees for the installation, maintenance and use by the Lessees’ invitees of a patio, benches and bike rack, along with associated landscaping (collectively, the “Permitted Improvements”), which use shall be ancillary to the business operat...
Click here for full text