Title
Charlotte Gateway Station Lease with Greyhound Lines, Inc.
Action
Action:
A. Approve a ground lease agreement with Greyhound Lines, Inc., for their temporary operations on the City's property ("Main Block Parcel") located at 120 South Graham Street (parcel identification number 07315110) for a maximum term of six years at a lease rate of $1 per year, and
B. Adopt a resolution authorizing the City Manager to negotiate and execute all necessary documents to complete the lease agreement between the City and Greyhound Lines, Inc.
Body
Staff Resource(s):
John Lewis, CATS
John Muth, CATS
Explanation
Action A: Lease Agreement with Greyhound Lines, Inc. (Greyhound)
* Greyhound currently owns and operates their service from the parcel located at 601 West Trade Street (District 2) which is adjacent to the Main Block Parcel and in conflict with the Charlotte Gateway Station (CGS) Project. Accordingly, NCDOT (CGS Project Partner) is in the process of acquiring the Greyhound property so that the first phase of the CGS construction may begin. NCDOT will be responsible for relocating the Greyhound operation to an interim location until Greyhound can be incorporated into the CGS Project.
* The current plan requires NCDOT to pay for the Greyhound relocation to the City Main Block Parcel, where they will operate out of a modular building in an interim condition. The Greyhound operation will occupy slightly less than one acre on the Main Block parcel.
* The Federal Railroad Administration TIGER Grant Agreement requires construction to be completed by July of 2022. Consequently, by entering into a $1/year lease and relocating Greyhound to the adjacent City parcel, NCDOT and Greyhound can expedite the acquisition and relocation process to meet the CGS construction schedule and avoid the disruption of service impacts to Greyhound and their customers.
* Greyhound will be responsible for all insurance and utility costs and for any physical and monetary damages from operat...
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