TITLE
Recommendation to authorize City Manager to execute any and all documents necessary for a Lease with Robert Ross, Frances Ross and Scott Ross for a vacant lot at 2000 East Fourth Street for the construction of a temporary park-and-ride public parking lot, for a five-year term at an initial monthly rental rate of $2,000. (District 2)
DISCUSSION
The Fourth Street Business Improvement District (District) is located on East Fourth Street, between Cherry Avenue and Junipero Avenue. As the District continues to grow and become more successful, there is an increased demand for additional parking facilities. Currently, the District has only street parking available for business owners and their employees, as well as for visitors to the area.
In an effort to provide additional parking for the District, the City proposes to construct a temporary 27-stall surface parking lot with bike racks at the southeast corner of East Fourth Street and Cherry Avenue, also known as 2000 East Fourth Street. Please see the attached site map (Exhibit "An). The parking lot will be available to the general public, as well as to those using the lot as a park-and-ride facility during the day.
The parking lot will be available to the general public 24 hours a day, 7 days a week. From 9:00 A.M. to 9:00 P.M. each day, a parking fee of $0.50 per hour will be charged. Free parking will be offered from 9:00 P.M. to 9:00 A.M.
To facilitate the parking arrangements at 2000 East Fourth Street, a short-term Lease has been negotiated with the property owners, Robert Ross, Frances Ross and Scott Ross. The proposed Lease contains the following major terms and conditions:
• Landlord: Robert Ross, Frances Ross and Scott Ross.
• Tenant: The City of Long Beach.
• Leased Premises: The leased premises shall consist of approximately 9,921 square feet of vacant land at 2000 East Fourth Street.
• Length of Term: The term of the Lease shall be for approximately five years, commencing on the dat...
Click here for full text