TITLE
title
PARKING SPACE LEASE AGREEMENT
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SPONSOR
sponsor
Marty Lawing
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BACKGROUND
background
Guilford County entered into a parking space lease agreement with Park Lot, LLC in conjunction with an Offer to Purchase and Contract between the parties dated October 9, 2015. In accordance with the initial terms, the new owner of the parking lot reserved 100 parking spaces for Guilford County employees for a period of thirty (30) months at no charge to the County. The property owner has requested an amendment to the original parking space lease agreement which allows the property owner to further lease out the 100 County assigned spaces after business hours and on weekends to the Greensboro Grasshoppers for Game Day parking and special events.
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BUDGET IMPACT
budget impact
NO ADDITIONAL COUNTY FUNDS REQUIRED
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REQUESTED ACTION
requested action
Approve Amendment, attached hereto, in substantial form to parking space lease agreement with Park Lot, LLC, which allows Landlord the ability to lease out Guilford County-designated spaces to the Greensboro Grasshoppers for parking on Game Day nights, after 6 pm and on weekends during the remaining term of the County's lease agreement.
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