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RESOLUTION NO. 13569
A RESOLUTION APPROVING AN ASSUMPTION AGREEMENT
BETWEEN PUEBLO, A MUNICIPAL CORPORATION AND
ALEXANDER GRAYLING, LTD AND AUTHORIZING THE
PRESIDENT OF CITY COUNCIL TO EXECUTE SAID
AGREEMENT
WHEREAS, Resolution No, 12841, approved December 9, 2013 authorized a parking
permit agreement between ALI’I Management, LLC., and the City of Pueblo for the monthly lease
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of 86 parking spaces in the 8 & Court Lot for tenants in the building at 201 W. 8 Street;
WHEREAS, Resolution No, 13326, approved November 9, 2015 authorized a parking
permit agreement between 200 S. Broadway LP and the City of Pueblo for the monthly lease of
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86 parking spaces in the 8 & Court Lot for tenants in the building at 201 W. 8 Street;
WHEREAS, 200 S. Broadway LP has been replaced by Alexander Grayling, Ltd., for the
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management of the property at 201 W. 8 Street, and Alexander Grayling, Ltd. wishes to assume
the parking permit agreement; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
The Assumption Agreement dated February 22, 2016 between Pueblo, a Municipal
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Corporation and Alexander Grayling, Ltd., relating to the lease of parking spaces at the City’s 8
and Court Streets Parking Lot, a copy of which is attached hereto ("Assumption Agreement"),
having been approved as to form by the City Attorney, is hereby approved. The President of the
City Council is authorized to execute and deliver the Assumption Agreement in the name of the
City and the City Clerk is directed to affix the seal of the City thereto and attest same.
SECTION 2.
The officers and staff of the City are directed and authorized to perform any and all acts
consistent with the intent of this Resolution and the attached contract/agreement to effectuate the
transactions described therein.
SECTION 3.
This Resolution shall become effective immediately upon passage and approval.
INTRODUCED: November 28, 2016
BY: Ed Brown
City Clerk’s Office Item # M-3
Background Paper Proposed
Resolution
COUNCIL MEETING DATE: November 28, 2016
TO: President Stephen G. Nawrocki and Members of City Council
CC: Sam Azad, City Manager
VIA: Gina Dutcher, City Clerk
FROM: Earl Wilkinson, P.E., Director of Public Works
SUBJECT: A RESOLUTION APPROVING AN ASSUMPTION AGREEMENT BETWEEN
PUEBLO, A MUNICIPAL CORPORATION AND ALEXANDER GRAYLING, LTD
AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAID
AGREEMENT
SUMMARY:
The Resolution transfers the parking agreement from 200 S. Broadway LP to
Alexander Grayling, Ltd.
PREVIOUS COUNCIL ACTION:
Approval of Resolution No. 12841 authorizing the parking
agreement between the City of Pueblo and ALI’I Management, LLC for the lease of 86 parking
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spaces in the 8 & Court lot.
BACKGROUND:
The parking agreement, approved by Resolution No. 12841, in December 2013
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leases 86 spaces in the 8 & Court lot to ALI’I Management, LLC for parking associated with 201
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W. 8 Street. The property and building management was taken over by 200 S. Broadway LP,
and as such the parking agreement was transferred and approved by Resolution No. 13326, in
November 2015. The property and building has been taken over by Alexander Grayling, Ltd., and
as such, the parking agreement needs to be transferred.
FINANCIAL IMPLICATIONS:
Denial of the Resolution will result in the loss of $2,580 monthly
revenue to the Parking Enterprise.
BOARD/COMMISSION RECOMMENDATION:
None
STAKEHOLDER PROCESS:
None
ALTERNATIVES:
Denial of the Resolution may jeopardize the future of the contract.
RECOMMENDATION:
Approval
Attachments:
Assumption Agreement
ASSUMPTION AGREEMENT
THIS AGREEMENT is entered into this 22nd day of February, 2016, by and between the
City of Pueblo, Colorado, a municipal corporation ("City") and, Alexander Grayling, Ltd., Pueblo,
Colorado, 81003, a Colorado corporation, 201 W. 8th St., Suite 500, Pueblo, Colorado, 81003.
Recitals
WHEREAS, City has entered into a Parking Permit Agreement with ALI'l Management,
LLC dated January 1, 2014; and
WHEREAS, 200 S. Broadway LP, assumed said parking agreement November 9th, 2015;
and
WHEREAS, Alexander Grayling, Ltd. Wishes to assume 200 S. Broadway LP's rights and
obligations under the Parking Permit Agreement;
NOW, THEREFORE in consideration of the foregoing recitals and the terms, conditions
and mutual promises set forth in this agreement, the parties agree as follows:
1. Assumption. Alexander Grayling, Ltd., hereby assumes and agrees to observe,
perform and otherwise discharge when due the obligations of Permittee including all obligations
assumed by 200 S. Broadway LP, under the January 1, 2014 Parking Permit Agreement, a copy
of which, marked as Exhibit A, is attached hereto and is incorporated herein by reference.
2. Consent. City hereby consents to 200 S. Broadway LP, assumption of the
January 1, 2014 Parking Permit Agreement and City agrees to afford Alexander Grayling, Ltd. the
same rights under the Agreement as previously enjoyed by 200 S. Broadway LP.
3. Effective date. This Assumption Agreement shall become effective on the date
set forth above.
City of P - - va.H;,;,;al Corpefation--
Attest:
BY _41111111111111/ C 2
City rk Pres of City Council
Alexander Grayling, Ltd.
201 W. 8th Street, Suite 500
Pueblo, CO 8100,3
By �� -
Signature
Todd Pasquin
Name
Manager
Title
C313 I /l
Date
ASSIGNMENT
200 S. Broadway LP, Pueblo, Colorado, 81004, a Colorado corporation, 201 W. 8th St., Pueblo,
Colorado, 81003, assigns all of its rights in the October 26th, 2015, Assumption Agreement with
the City of Pueblo, Colorado, a municipal corporation, to Alexander Grayling, Ltd., a Colorado
corporation, effective as of February 22, 2016.
200 S. BROADWAY LP
By: h 407 /a-76-
Signature !
('0Q t- J Lu (r) a
Name
Pa/411e r
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Date