HomeMy WebLinkAboutHEDRA 09-10-09 IV. c. NSP lease consentSeptember 3, 2009
TO: EDRA Board
FROl\1: John Crrossman
RE: Consent to NSP sublease, portion of 412E 4~~' Street.
NSP has indicated they would like to lease 296 feet of office and parking in the EDRA
building (former UBC). This was proposed to them by Tom Montgomery, Public Works
Director, in lieu of placing a trailer unit on their substation property at flte west edge of
the cilu beside 55. He is responsible for the maintenance of both UBC buildings EDRA
leases to the City.
EDRA is asked to consider consenting to the City subleasing the space, with the rent
passing through to the EDRA.
Terms;
Length of lease: same as City: November 7, 2013.
Notification of termination: The City has a 90 day notification period. Dan Fluegel are
still talking with Xcel about the period. They would like more, up to 180 days. Staff will
have a recommendation by the EDRA meeting on September 10.
Rent: $3,000 per year, all included except phone. The $250 monthly payment would be
passed through to the EDRA.
Liability: Lease vtrill include hold humless, liability and insurance provisions. The
building is also insured under the Cily's master policy.
Notes:
As this building is the furthest from the depot, and the best constructed, it is likely to be
the last one the EDRA would turn over for comnmtter parking. As it will still take some
yews to even establish bus rapid transit, the length of the lease and notification period do
not seem to be a problem. The station block, Block 1 and the former UBC building site
adjacent to 3"~ Street would most likely be more than sufficient for start-up park and ride
facilities of approximately 200 to 250 spaces.
ACTION: Consent to Cily to sublease space to Northern States Power in 412E 4~~'..