Title
Lease Agreement with Urban Renewal Initiative Foundation (1021, 1029, 1037 Ashland Street, Detroit, MI)
Body
Agenda of: January 25, 2023
Item No.: 2023-028
Amount: $1,800.00 until September 30, 2024 and then $100.00 month to month
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: January 23, 2023
RE: Lease Agreement with Urban Renewal Initiative Foundation (1021, 1029, 1037 Ashland Street, Detroit, MI)
MOTION
Upon recommendation and opinion of Suzanne R. Coffey, P.E., Chief Executive Officer, and Randal M. Brown, General Counsel, the Board of Directors (Board) for the Great Lakes Water Authority (GLWA):
(1) Approves a lease agreement with Urban Renewal Initiative Foundation; and
(2) Authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote, including the execution of the Lease Agreement and related documents.
JUSTIFICATION
To rehabilitate the Fox Creek outfall and regulator chambers, GLWA needs land for staging equipment, materials and soil near the Fox Creek outfall and regulator chambers. Working with GLWA's consultant on this project, GLWA has identified properties that it needs near the Fox Creek outfall and regulator chambers. Multiple properties near the outfall are owned by Urban Renewal Initiative Foundation. GLWA negotiated a lease agreement with the Foundation. For a lease term through September 30, 2024 will pay a one-time payment of $1,800 and $100 for each month after September 30, 2024. Additional easements and property acquisitions are necessary to support the rehabilitation of the Fox Creek outfall and regulator chambers and will be presented to the Board as they are negotiated with the property owners.
BUDGET IMPACT
There are sufficient funds allocated for the access agreement in the CIP.
COMMITTEE REVIEW
This mat...
Click here for full text