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TO: Mayor Thomas J. Weisner
FROM: Joseph Hopp, Superintendent of Maintenance Services
DATE: April 17, 2014
SUBJECT:
Resolution to renew Lease Amendment #7 with The Auto Club Group for a 2-year lease of the 132 parking spaces for the permit holders at the RT 59 Transit Center.
PURPOSE:
The Auto Club Group ("AAA"), lot provides 132 parking spaces for permit holders that use the RT 59 Transit Center.
BACKGROUND:
Due to a shortage of commuter parking for patrons of the RT 59 Transit Center, the City entered into a lease agreement with AAA for 132 surplus parking spaces in their lot on Meridian Lake Drive in July of 2004.
DISCUSSION:
This is the 7th Lease Amendment to the original lease. This lease is for a 2-year term that will expire on August 31, 2016. The annual lot rental for the first year beginning September 1, 2014 will remain at the current annual rate of $39,709.96. The second year beginning September 1, 2015 will be increased by .025% for a new annual rate of $40,701.72.
In Lease Amendment #7, Clause #5, there is the right for Aurora to terminate the lease with a 30 day notice if the spaces are no longer needed.
There are funds reserved in the RT 59 Transit Fund account 530-4434-437-3917 for parking facilities rentals.
IMPACT STATEMENT:
The lease costs are fully paid by the commuters that hold a permit to park at AAA lot.
RECOMMENDATIONS:
That the proposed resolution to renew the Lease Amendment #7 with The Auto Club Group for a 2-year lease of 132 parking spaces for permit holders at the RT 59 Transit Center be adopted.
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Peters, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution to renew the Lease Amendment #7 with The Auto Club Group for a 2-year lease of the 132 parking spaces for the permit holders at the RT 59 Transit Center.
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, the RT 59 Transit Center has been at capacity needing additional parking spaces, therefore the City has contracted since 2004 with The Auto Club for addition parking spaces; and
WHEREAS, The Auto Club Group has 132 parking spaces available for lease at this time, and therefore an amendment to the existing Agreement is desirable; and
WHEREAS, This Auto Club Group Lease Amendment #7 is a 2-year lease with a 1st year rate of $39,708.96 and 2nd year rate of $40,701.72; and
WHEREAS, funds are budgeted in the RT 59 Transit fund, account 530-4434-437-3917 for parking facilities rentals.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the Lease Amendment #7 with The Auto Club Group for a 2-year lease of 132 parking spaces for permit holders at the RT 59 Transit Center, attached hereto as Exhibit "A" and incorporated herein by reference, is hereby adopted and the Purchasing Director is hereby authorized to issue the necessary orders to implement said Lease Amendment #7.
PASSED AND APPROVED on ______________.
AYES ____ NAYS ____ NOT VOTING ____ ABSENT ____
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Alderman Bohman, Ward 1 Alderman Garza, Ward 2
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Alderman Mesiacos, Ward 3 Alderman Donnell, Ward 4
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Alderman Peters, Ward 5 Alderman Saville, Ward 6
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Alderman Hart-Burns, Ward 7 Alderman Mervine, Ward 8
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Alderman Bugg, Ward 9 Alderman Johnson, Ward 10
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Alderman Irvin, At Large Alderman O'Connor, At Large
ATTEST:
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City Clerk Mayor
Attachments: AAA Lease Agreement and AAA renewal 2014