Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute The Attached Right-Of-Way License Agreement, Between DesMarais Investments, Inc. And The City Of Hollywood, For Use Of The Public Right-Of-Way For Parking Adjacent To Properties At 1525 - 1551 S. 30th Avenue, Based On A Four Year Term And First Year Annual Fee Of $10,112.40, Payable Quarterly In Advance, And Includes An Annual Escalation In The Amount Of The License Plus An Increase Of Three Percent (3%).
Body
Staff Recommends: Approval of Resolution
Explanation:
DesMarais Investments, Inc. is the fee owner of property at 1525 - 1551 S. 30th Avenue and has maintained a Right-Of-Way License Agreement (License) with the City since 2000 for use of the right-of-way to provide employee / customer parking to Hollywood Woodwork, a wholly owned company of DesMarais; and the subject right-of-way consist of forty-six (46) parking spaces, the improvement costs of which were paid for by DesMarais Investment, Inc.; and the existing agreement expired on March 22, 2016 and DesMarais Investment, Inc. has requested a new license for the continued use of the right-of-way.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
Gus Zambrano, Assistant City Manager for Sustainable Development
Shiv Newaldass, Chief Development Officer