Title
A resolution authorizing the lease of city property known as the City Hall Parking Lot located at 119 North Nevada Avenue for a public purpose and for economic development purposes
Presenter:
Bob Cope, Economic Development Officer
Body
Summary:
A resolution authorizing the lease of city property known as the City Hall Parking Lot located at 119 North Nevada Avenue for a public purpose and for economic development purposes.
First Presbyterian Church of Colorado Springs (First Pres) is the owner of property located at 219 E. Bijou Street and 116 North Weber Street in Colorado Springs, Colorado, and immediately adjacent to the north of City Hall and Colorado Springs Municipal Court. First Pres is planning a significant expansion of its campus which will impact City-owned property.
The project will be executed in two phases.
Phase 1: First Pres will replace the current City Hall surface parking lot (42 spaces) with a two-level underground parking structure (83 spaces). The underground parking structure will include an underground entrance to City Hall - increasing safety and security for Council and City staff. (Impacts City property)
Phase 2. First Pres will construct a new auditorium above the new parking structure. (Impacts City Property)
Other components of the planned expansion include the construction of a new chapel and columbarium on First Pres owned property. (No Impact to City Property)
In accord with City Charter Section 10-60 First Pres requests a ninety-nine (99) year Lease for economic development purposes.
In accord with The City of Colorado Springs Procedures Manual for the Acquisition and Disposition of Real Property Interests Chapter 11, Section 11.2 d.iii.2, First Pres requests that the Lease be valued at a below fair market value for a public purpose.
Background:
First Presbyterian Church (First Pres) is the owner of property located at 219 E. Bijou Street and 116 North Weber Street in Colorado Springs and immediately...
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