Title
RESOLUTION NO. R17-54
A RESOLUTION OF THE COUNCIL OF THE CITY OF GLENDALE, MARICOPA COUNTY, ARIZONA, AUTHORIZING AND DIRECTING THE ENTERING INTO OF AN AGREEMENT ENTITLED "GROUND LEASE" WITH GLENDALE WESTGATE LODGING INVESTORS II, LLC FOR CERTAIN PARKING RIGHTS.
Staff Contact: Jack Friedline, Director, Public Works
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Purpose and Recommended Action
Recommendation
This is a request for City Council to waive reading beyond the title and adopt a resolution authorizing the City Manager to enter into a ground lease agreement with Glendale Westgate Lodging Investors II, LLC (GWLI) for the lease of property located directly east of the Home 2 Suites by Hilton Phoenix Glendale - Westgate (northwest corner of 95th and Maryland Avenues) in order to meet the city's contractual obligation for parking during stadium events. The term of the agreement is effective through June 30, 2018.
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Background
On November 14, 2016, the city signed a settlement agreement with the Arizona Sports and Tourism Authority (AZSTA) and the Arizona Cardinals, which included requirements for parking for stadium events. Until new parking spaces are completed south of Bethany Home Road between 91st and 95th Avenues, the city agreed to provide parking spaces in the same numbers and in the same locations as were provided during the 2016 NFL season.
Since June 2012, the city has been leasing parking spaces on all or a portion of six acres of property from GWLI to help fulfill the city's parking requirements as it relates to the stadium uses. In 2016-17, approximately 257 spaces were leased from GWLI to fulfill the city's contractual obligations for 15 events.
Analysis
As a condition of using the property, the city will pay rent in an amount of $20,000, paid in two equal installments, for access to the property for up to 15 events. The rental amount translates to approximately $5.19 per space per event, and is lower than other options that have been used in the past on an ind...
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