HomeMy WebLinkAbout1994-03-08 - AGENDA REPORTS - SAUGUS LEASE PARKING LOT (2)AGENDA REPORT
*Citager Approv
Item to be presented by:
CONSENT CALENDAR f
DATE: March 8, 1994
SUBJECT: Saugus Speedway Lease of Metrolink Parking Lot Amendment of Lease
to Suspend $2,000 Monthly Payment to the City for Speedway use of the
Metrolink lot (continued from Febuary 22, 1994)
DEPARTMENT: Public Works
BACKGROUND
Due to the recent earthquake, at its meeting of February 8, 1994, the Council approved an
indefinite suspension of the $2,000 monthly payment made by the Saugus Speedway to the City
for the Speedway's use of the City's Metrolink parking lot as overflow parking for speedway
events; this is because the City is now using the speedway lot for overflow parking from the
Metrolink station. The speedway lot is still needed for overflow parking; approximately 200 to
300 cars still use the speedway lot daily. Additionally, Soledad Canyon Rd. has a similar
number of cars parked on the street in the vicinity of the Metrolink Station. In the event
Soledad Canyon Rd. is restriped for six lanes from its current configuration of four lanes, while
there is a high demand for Metrolink parking, then there will be an even higher demand for
parking in the speedway lot.
As part of the agenda report for the February 8th meeting, it was indicated that the staff would
return to the Council on February 22nd, with an amendment to the agreement. Attached is a
the full agreement and a short amendment for the Council's consideration.
RECOMIVVIENDATION
1. Approve the amendment and authorize the Mayor to sign on behalf of the City.
2. Revise the General Fund Miscellaneous Revenue Account downward by $12,000 as
necessary to address suspension of lease payment.
ATTACHMENTS APPROVED
1: Proposed amendment
2. Existing agreement
metro104.mar s