Title
Authorizing an 18-month lease between the City of Saint Paul and Weis Builders for the Pedro Park lot.
Body
WHEREAS, the City of Saint Paul (the "City") owns park land located at 114 10th Street East, Saint Paul, Minnesota, (the "Pedro Lot"), as depicted on the attached Exhibit A; and
WHEREAS, the City's approved Penfield Project, to be constructed by Weis Builders (the "Contractor") over the next 18 months, is located directly across 10th Street from the Pedro Lot; and
WHEREAS, the Contractor seeks to enter into a Lease Agreement with the City to use the Pedro Lot for placement of construction trailers, storage of construction materials, and parking of vehicles on a limited basis, as provided in the attached Exhibit B; and
WHEREAS, the City also wishes to enter into said Lease Agreement with the Contractor for said purpose; now, therefore be it
RESOLVED, that the Mayor and Council of the City of Saint Paul do hereby approve said Lease Agreement and authorize the proper city officials to execute same.
Financial Analysis
None. Lease payments will be used for future development of Pedro Park.