HomeMy WebLinkAboutresolution.council.037-93
."
~,'"
\YI
~
te'
~l,
''',\"
,.
.,
RESOLUTION NO. 37
(Series of 1993)
A RESOLUTION APPROVING THE RENEWAL OF MALL LEASE
AGREEMENTS BETWEEN THE CITY OF ASPEN, COLORADO, AND THE
GRILL ON THE PARK, ASPEN MINE CO., THE RED ONION,
CARNAVALE, PARAGON, FLYING DOG BREW PUB, AND AUTHORIZING
THE MAYOR TO EXECUTE SAID AGREEMENTS ON BEHALF OF THE
CITY OF ASPEN
WHEREAS, there have been submitted to the City Council
renewals for the lease agreements between the City of Aspen and The
Grill on the Park, Aspen Mine Co., The Red Onion, Carnavale,
Paragon, and Flying Dog Brew Pub, which leases set forth the terms
and conditions for occupancy by said lessees of a portion of the
mall area adjacent to their premises, a copy of which leases are
annexed hereto and made a part hereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ASPEN, COLORADO:
Section 1
That the city Council of the City of Aspen hereby establishes
a lease rate at $2.84 per square foot per year and approves the
mall lease renewals between the City of Aspen and The Grill on the
Park, Aspen Mine Co., The Red onion, carnavale, Paragon, and Flying
Dog Brew Pub, copies of which are annexed hereto and incorporated
herein, and does hereby authorize the Mayor to execute said leases
on behalf of the City of Aspen.
Dated 7??c::A tr .2..r
, 1993.
5,e~
ohn S. Bennett, Mayor
e""."""
p
\\
'\
tA
.,
~'"
i\_
I, Kathryn S. Koch, duly appointed and actin city Clerk do
certify that the foregoing is a true and accurate copy of that
resolution adopted by the City Council of the city of Aspen,
Colorado, at a meeting held on the day hereinabove stated.
~.,',,'
~.
'~
~,
.,
..;,
~,
i1t
I
MEMORANDUM
TO:
Mayor and city Council _.\ /
Amy Margerum, City Manager~
Kathryn Koch, City Clerk
THROUGH:
FROM:
DATE:
May 19, 1993
RE:
Resolution #37, Series of 1993 - Mall Leases
SUMMARY: six mall businesses are requesting approval of their mall
outdoor seating lease for 1993. These are Paragon, Aspen Mine
company, The Grill, Carnevale, Flying Dog Brew Pub, and Red Onion.
Staff and CCLC reviewed the leases at their regular meeting May 19,
1993 and recommended approval.
BACKGROUND: The city first approved mall leases in 1977 at $1.00
per square foot per month or $12.00 per square foot per year.
These leases are good from mid May through September. The original
lease stipulated a 6 percent increase per year in the event of
renewal. Renewal is required on an annual basis. The Red Onion,
Mine Company, Grill and Paragon locations have had outdoor seating
leases since 1977. Carnevalle and Flying Dog have had leases for
about three years.
The original leases were negotiated by the Mall Commission cmd
Council. CCLC had a public hearing on these leases and heard
adjacent property owners who had various concerns.
Year
$/Sq Ft
Month
$/Sq Ft
Year
% Increase
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1.00
1.06
1.12
1.19
1.26
1. 34
1. 42
1. 50
1. 59
1.69
2.00
2.12
2.25
2.39
2.53
2.68
2.84
12.00
12.72
13.44
14.28
15.12
16.08
17.04
18.00
19.08
20.28
24.00
25.44
27.00
28.62
30.36
32.16
34.08
6.0
5.7
6.2
5.9
5.9
6.3
5.9
5.6
6.0
6.3
18.3
6.0
6.1
6.2
6.1
5.9
5.6
<It,
,~
~.
<..,
e
.
CURRENT ISSUES: The adjacent property owners of Paragon and Aspen
Mine Company requested the outdoor space be decreased. CCLC
approved the lease for the Mine Company, same as last year. Paragon
and neighbor will work out the issue if an an angled corner on west
side.
FINANCIAL IMPLICATIONS: Approval of all 6 mall leases at $2.84
a square foot/month will generate about $17,500 in the mall fund.
RECOMMENDATION: Staff recommends approval of the mall leases as
revised by the CCLC.
PROPOSED MOTION: I move to approve Resolution #37, Series of 1993.
CITY MANAGER COMMENTS:
Attachments
A - Resolution #37, 1993
C - Mall Lease