Item 4IItem 4I Approve Amendment to the Bicentennial Retail Plaza Reciprocal Parking Agreement
Chris Tribble
Existing Reciprocal Parking Agreement
Existing agreement approved in Sept 2006
Contains option, at Developer’s cost, to construct an additional row of parking to the north of the existing parking spaces
City to own and have full use in conjunction with the tenants of Bicentennial Retail Plaza
City and Developer to have full use of the parking area during regular park hours
Proposed Amendment to Agreement
Linked to City’s Strategy Map
- Focus Areas: Infrastructure and Partnerships
- Corporate Objective: Actively Promote Partnerships
Cost is Developer’s responsibility
Existing agreement/Proposed amendment continue into perpetuity as a covenant running with the land for as long as the original Site Plan approved for the development remains in effect
City Attorney approved existing agreement - currently reviewing the proposed amendment
Proposed Amendment to Agreement
Developer indicates tenant on hold pending approval
Staff has consulted w/SRA and recommends approval of the proposed amendment
Questions? Chris Tribble (817) 748-8021