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. � <br /> Community Development <br /> Memorandum <br /> 96-29 <br /> February 28, 1996 <br /> To: Honorable Mayor and City Council Members <br /> From: James C. Bacon, Jr., City Manager <br /> George C. Weaver, Director of Department of Community Development <br /> Robert S. Reed, Mass Transit Administrator <br /> Subject: Leasing Agreement with Tommy House Tire Company <br /> Upon City Council approval, the attached resolution will authorize the execution of an <br /> agreement with Tommy House Tire Company for the leasing of 10 parking spaces located on <br /> City property and on the east side of the tire shop at 340 East Macon Street. Tommy House has <br /> been using these spaces for 30 years for parking for his employees. Such use had started many <br /> years before the City acquired the property. <br /> The term of the agreement is for a ten-year period with the right of renewal for 2 <br /> additional ten-year periods. Tommy House will pay the City $100/month, or an annual fee of <br /> $1,200, for the use of the 10 parking spaces. The fee will be renegotiated if the lease is renewed. <br /> The lease will take effect on June 1, 1996. <br />