HomeMy WebLinkAboutAGENDA REPORT 1994 0105 CC REG ITEM 08MTO:
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AGENDA REPORT
CITY OF MOORPARK
Honorable City Council
Mary R. Lindley, Assistant to the City
December 28, 1993
Manager
Consider Approval of the Ground Lease Agreement with
VCTC for the Metrolink Park and Ride Facility
The south Metrolink parking lot is located on property owned by the
Ventura County Transportation Commission (VCTC). The Commission
purchased this property with rail bonds. With the approval of
VCTC, the City constructed a parking lot (Park and Ride facility)
on the property with a Caltrans grant, TDA funds, and funds from
the City's Traffic Mitigation Fund.
Originally, VCTC intended to transfer ownership of the property to
the Southern California Regional Rail Authority (SCRRA). VCTC has
since decided to retain the property. It is therefore necessary
for the City to enter into a lease agreement to document its
relationship with VCTC regarding the property.
The Lease Agreement outlines the terms by which the City will lease
the property. The property will be used for a Park and Ride
facility and other related transit activities. The City may, with
prior approval of VCTC, use the property for non - transit related
activities as long as it does not interfere with existing transit
activities.
The City will be responsible for all maintenance and optional
improvements on the property. Any revenues received by the City
from activities or business concessions on the property will be
retained by the City to be spent for maintenance, security,
overhead, and enhancements of the property.
The initial term of the Agreement is ten years at a payment of
$1.00. This term matches the term in the City's Agreement with
Caltrans for the grant funds used to build the Park and Ride
facility. Thereafter, the Lease will be automatically renewed,
subject to termination, on an annual basis at a cost of $1.00 per
year.
Recommendation
Staff recommends that Council approve the Ground Lease Agreement
with VCTC for the Metrolink Park and Ride Facility and authorize
the Mayor to sign the Agreement.