Title
Gainesville Greens (GG Development Associates) Parking Agreements (B)
This item recommends the City Commission approve: 1) a License Agreement to allow Gainesville Greens the use of 233 parking spaces in the Southwest Downtown Parking Garage; 2) a Second Amendment to the License Agreement with Ken and Linda McGurn to accommodate the License Agreement with Gainesville Greens.
Explanation
Gainesville Greens, a mixed use project, will consist of a 10-story building with 144 condominium units and 17-20,000 square feet of retail/restaurant space to be constructed on property commonly known as City Parking Lot 10 (SW 1st Avenue and 2nd Street). The developer has requested 233 parking spaces in the City's Southwest Downtown Parking Garage.
Ken and Linda McGurn (KLM) have a prior agreement with the City which grants them the rights to 225 'development spaces' in the City garage for future development. KLM has executed an agreement with Gainesville Greens to assign the rights to these 225 development spaces to Gainesville Greens. In addition, the City has agreed to allocate eight additional parking spaces to Gainesville Greens. This assignment of parking spaces requires modifications to one of the original parking garage agreements between the City and KLM and an additional agreement between the City and Gainesville Greens.
Staff has reviewed the allocation of parking spaces in the garage. Based on parking agreements with Alachua County and KLM, as well as the request from Gainesville Greens, the allocation of the 842 parking spaces in the garage will be as follows:
Public = 375
KLM = 138
Gnv Greens = 233
Unallocated = 96
Total = 842
The 375 public parking spaces will meet the demand for public parking.
The SECOND AMENDMENT TO LICENSE AGREEMENT FOR USE OF PARKING GARAGE, between the City and KLM, provides for the following:
1. The Agreement acknowledges t...
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