May 24, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Lets the City Manager approve a lease agreement with RCGP, LLC granting a 10-year term with the option to renew for one…
- Passed. Everyone present voted yes.
- The money, in the minutes' words: “The Real Estate Office estimates the rental value of the parking spaces is $60 per parking space for a total of $18,720 per year.”
More from the minutes
- “RCGP, LLC owns four tracts of land on Broadway Avenue (9649-14-2559-00000, 9649-14-3514-00000, 9649-14-3483-00000 & 9649-14-3592-00000) where it proposes to build a mixed use development at 427 Broadway that will include residential dwelling units.”
- “RCGP, LLC has agreed to reserve 20% of the units as affordable housing units.”
- “RCPG, LLC has proposed to the City that they build at their sole cost and expense a paved parking lot on the City parcel with plans approved by the City.”
Official title: Council authorized the City Manager to approve a lease agreement with RCGP, LLC granting a 10-year term with the option to renew for one 5 year period at the discretion of the tenant or lessee, not just at the City’s sole discretion, for a parking lot at Broadway & Cauble upon the terms and conditions stated herein, and authorizing the City 5-24-22 Page 15 Clerk to advertise for upset bids, and authorizing the City Manager to execute the lease agreement if no alternate bids are received
Carried unanimously
From the minutes: The original, amended motion made by Councilwoman Turner carried unanimously by roll call vote.
Read the motion as recorded
“Councilwoman Turner moved to authorize the City Manager to approve a lease agreement with RCGP, LLC granting a 10-year term with the option to renew for one 5 year period at the discretion of the tenant or lessee, not just at the City’s sole discretion, for a parking lot at Broadway & Cauble upon the terms and conditions stated herein, and authorizing the City 5-24-22 Page 15 Clerk to advertise for upset bids, and authorizing the City Manager to execute the lease agreement if no alternate bids are received.”
Open the minutesMotion text in the minutes