HomeMy WebLinkAbout1994-02-08 - AGENDA REPORTS - LEASE METROLINK PARKING LOT (2)AGENDA REPO
Cit#/,Wn�,ager Approval
to be presented by:
Jeff Kolin
CONSENT CALENDAR
DATE: February 8, 1994
SUBJECT: Saugus Speedway Lease of Metrolink Parking Lot -- Suspension of $2,000
Monthly Payment to the City for Speedway use of the Metrolink lot.
DEPARTMENT: Public Works
BACKGROUND
Since the beginning of Metrolink service on October 26, 1992, the Saugus Speedway has leased
the Metrolink parking lot from the City for a monthly fee of $2,000. This provided safe
overflow parking from the speedway's parking lot at the west end of the speedway property.
It is used mostly on Saturdays during racing season, April through October, and year round for
the weekly Sunday swap meet.
Since the earthquake on January 17, 1994, a quick, interim agreement was made between the
City and the speedway to enable to the City to use the speedway parking lot as overflow parking
for the Metrolink lot. Although, an informal reciprocal parking arrangement is occurring, the
speedway is still paying the City, but the City is not paying for use of the speedway's lot. A
temporary suspension of the speedway's monthly payment of $2,000 would reduce the inequity.
Staff will return to the Council with a lease agreement for use of the speedway parking at the
February 22, 1994, City Council meeting.
RECONEWENDATION
Waive the monthly $2,000 payment to the City by the speedway, beginning with the January
billing, and continue, to waive the payment until further notice.
ATTACIIAIENTS
none
metrol0l.rnar APPROVED