DATE: November 20, 2017
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator - Community/Economic Development
SUBJECT:
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Consideration of Resolution 2017-79, a Resolution Authorizing the City Administrator to Terminate the Off-Street Parking Lease Agreement with the 4th Avenue Church of Christ for the two parking areas located adjacent to their 117-4th Avenue N, Franklin, TN property. (11/28/17 WS)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the termination of the off-street parking lease agreement between the City of Franklin and the 4th Avenue Church of Christ and, to authorize the City Administrator to sign the enabling Resolution 2017-79 which documents the termination of this agreement.
Background
On November 11, 2008, the City of Franklin entered into an off-street parking lease agreement with the 4th Avenue Church of Christ for the two parking lots located adjacent to their 117 - 4th Avenue North property.
The term of the agreement was ten (10) years, unless the 4th Avenue Church of Christ exercised their right to terminate the agreement as stipulated in Article 7 of the Agreement. In accordance with the agreement, the 4th Avenue Church of Christ through their Executive Minister, Gray Shrader, informed the City of their intention to terminate the Agreement and stated that they would be installing a self-pay kiosk which would allow the church to charge for parking. There has been increasing interest of other property owners in our historic downtown to install self-pay kiosks and begin collecting revenue from visitors parking on private property.
On October 30, 2017, Gary Shrader submitted a check in the amount of $7,607 satisfying the termination clause of the agreement. The $7,607 was the specified pro-rated share of the expense the City incurred for improving the ...
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