Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A LEASE AGREEMENT WITH TBK HUDSON, LLC (“TBK”) FOR THE CITY-OWNED PROPERTY ON ATTERBURY BOULEVARD (PARCEL NO. 32-03833); AND DECLARING AN EMERGENCY.
Executive Summary: At the executive session on March 21, 2017, staff brought forward and discussed with Council the proposed lease of the City owned parcel located on Atterbury Blvd. between the Hudson Anglican Fellowship Church and the Hudson Station town houses. Mr. Bryan Weber, current owner of the town homes and of the retail space occupied by the Jimmy Johns Sandwich Shop and the former Varsity Club, and Mr. Chris Russo, owner of the Brew Kettle Restaurant expressed an interest in constructing a parking lot on the parcel to prepare for anticipated increased parking needs for the opening of the Brew Kettle Restaurant in the retail space formerly occupied by Varsity Club. The City’s legal department has drafted the lease agreement which has been reviewed and agreed upon by both parties. Staff is seeking Council approval for the City Manager to enter into the lease. Mr. Weber’s estimated cost to construct the new public parking improvements is $125,000.
Body
Legislative History
None.
Purpose & Explanation
Please see attached Council memo.
Timing Considerations
Staff seeks emergency legislation to execute the contract lease and facilitate the immediate start of the project.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff seeks City Council approval authorizing the City Manager to enter into a land lease agreement between the City of Hudson and TBK Hudson LLC for the purpose of public parking improvements. Staff requests emergency legislation to expedite project design and construction.
Submitted by,
Jane Howington, City Manager
Frank J. Comeriato, Jr. Asst. City Manager - Operations