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City of <br />Elk - <br />River <br />To <br />City Council <br />Meeting Date <br />March 18, 2024 <br />Item Description <br />Lease Agreement: GLG Elk River, LLC - Spikes <br />Request for Action <br />Item Number <br />4.5 <br />Prepared By <br />Zack Carlton, Community Development Director <br />Reviewed by: <br />Cal Portner <br />Tina Allard <br />Action Requested <br />Approve, by motion, the parking lot lease agreement with GLG Elk River, LLC - Spikes and Houles. <br />Background/Discussion <br />On February 5, 2024, the City Council reviewed a proposal from GLG EII< River, LLC (Spikes and Houles) to <br />lease a portion of the city -owned parking lot between Highway 10 and the railroad. Spikes proposes using a <br />portion of the parking lot for seasonal greenhouse, storage, and display of their products. <br />The City Council directed staff to work with the applicant and prepare a three-year agreement allowing <br />Spikes to use a portion of the city -owned lot in support of their business operations. City staff and our city <br />attorney drafted the attached agreement, which Spikes has reviewed and approved. GLG Elk River, LLC is <br />prepared to sign the agreement upon approval from the City Council. <br />Financial Impact <br />GLG Elk River, LLC will pay the city $6,000 per year for the three years of the lease agreement. <br />Mission/Policy/Goal <br />Attachments <br />Parking Lot Lease Agreement <br />The Elk River Vision <br />A avelcoming community with revolutionary and spirited resourcefulness, exceptional service, and community p p W E R E U A Y <br />engagement that encourages and inspires prosperity <br />229 <br />