DATE: September 13, 2017
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Vernon Gerth, Assistant City Administrator - Community/Economic Development
Shauna Billingsley, City Attorney
SUBJECT:
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Consideration of Resolution 2017-68, a Resolution Authorizing the City Administrator to Terminate the Off-Street Parking Lease Agreement COF Contract No. 2013-0104 with Mr. John M. Green for the Parking Area located Behind 118-4th Avenue N, Franklin, TN, 37014; (10/10/17 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 Mr. John M. Green and, to authorize the City Administrator to sign the enabling Resolution 2017-68 which documents the termination of this agreement.
Background
On July 11, 2013, the City of Franklin entered into an off-street parking lease agreement with Mr. John Green for the parking lot located immediately behind his office located at 118 - 4th Avenue North. The agreement made the 21 off-street parking spaces available to the public.
The term of the agreement was ten (10) years, unless the Mr. Green exercised his right to terminate the agreement as stipulated in Article 6 of the Agreement. In accordance with the agreement, Mr. Green informed the City of his intention to terminate the Agreement and stated that he would be installing a self-pay kiosk which would allow him 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 July 12, 2017, Mr. Green submitted a check in the amount of $5,600 satisfying the termination clause of the agreement. The $5,600 was the specified pro-rated share of the expense the City initially incurred for improving Mr. Green's off-stre...
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