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File #: 19-243    Version: 1 Name:
Type: Consent Item Status: Passed
File created: 4/30/2019 In control: City Council/Public Finance and Economic Development Authority/Parking Authority
On agenda: 5/6/2019 Final action: 5/6/2019
Title: SUBJECT: Approval of Proposed Facility Use Agreement (Parking Agreement) Between the El Capitan Hotel Merced, LLC, and the City of Merced to Lease 60 Parking Spaces in the Ralph Shannon Parcade REPORT IN BRIEF Proposed Agreement to lease 60 parking space in the Ralph Shannon Parcade to the El Capitan Hotel Merced, LLC, at $50 for each covered parking space and $35 for each non-covered parking space. RECOMMENDATION City Council - Adopt a motion approving the Facility Use Agreement (Parking Agreement) with the El Capitan Hotel Merced, LLC and authorizing the City Manager or the Assistant City Manager to execute the necessary documents.
Attachments: 1. Figure 1 Parking Lots Map, 2. El Capitan Hotel - Parking Agreement 4.29.19 PARTIALLY EXECUTED (002).pdf
Report Prepared by: Frank Quintero, Director of Economic Development

Title
SUBJECT: Approval of Proposed Facility Use Agreement (Parking Agreement) Between the El Capitan Hotel Merced, LLC, and the City of Merced to Lease 60 Parking Spaces in the Ralph Shannon Parcade

REPORT IN BRIEF
Proposed Agreement to lease 60 parking space in the Ralph Shannon Parcade to the El Capitan Hotel Merced, LLC, at $50 for each covered parking space and $35 for each non-covered parking space.

RECOMMENDATION
City Council - Adopt a motion approving the Facility Use Agreement (Parking Agreement) with the El Capitan Hotel Merced, LLC and authorizing the City Manager or the Assistant City Manager to execute the necessary documents.

Body
ALTERNATIVES
1. Approve as recommended by staff; or,
2. Approve, subject to modification (identify specific amendments in the motion); or,
3. Deny; or,
4. Refer to staff for reconsideration of specific items (specific items to be addressed in the motion; or,
5. Continue to a future meeting (date and time to be specified in the motion.)

AUTHORITY
City of Merced Charter, Section 200

CITY COUNCIL PRIORITIES
As provided for in the 2018-19 Adopted Budget, Economic Development, Objective 3) "Coordinate with High Speed Rail, ACE Train, and other projects that may serve as economic engines in downtown."

DISCUSSION
Representatives from the El Capitan Hotel project are requesting to lease 60 parking spaces from the City of Merced in the Ralph Shannon Parcade. The spaces would be used for valet and self-parking for guests enjoying the forthcoming hotel, retail, and restaurant uses at the El Capitan Hotel. The El Capitan Hotel team and City of Merced staff have negotiated a lease, and both parties are in agreement with the proposed terms.

The ?69,316 square-foot project includes 114 hotel rooms, restaurant, meeting rooms, and retail space. The hotel project is under construction with completion time anticipated in Winter 2019. Upon securing app...

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