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<br /> <br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 11.3 <br />Agenda Section Meeting Date Prepared by <br />Work Session February 5, 2024 Zack Carlton, Community Development Director <br />Item Description Reviewed by <br />Discuss Lease Proposal from Spikes <br />Reviewed by <br /> <br /> <br />Action Requested <br />Review the lease proposal provided by Spikes and provide staff with direction. <br /> <br />Background/Discussion <br />Last fall, the City Council discussed a possible lease of the parking lot between Highway 10 and the railroad tracks. <br />The adjacent business, Spikes & Houles, submitted a proposed lease for the parking lot to support additional <br />outdoor product display and storage space. <br /> <br />Staff will present the offer during the meeting and solicit feedback regarding the City Council’s desired direction. <br /> <br />Financial Impact <br />If a lease is approved, the city will receive lease payments from Spikes. <br /> <br />Mission/Policy/Goal <br />Support the growth and development of the business community. <br /> <br />Attachments <br /> None <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br />Updated: January 2023 <br /> <br />