AgdaPkt 2007-02-05 - Laserfiche WebLink

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6.1A Page 2 2. Payment by Tarboosh to Redwood City of $500 monthly, with CPI adjustments every fifth year; plus 6 month upfront deposit of $3,000. 3, Tarboosh will power wash entire plaza and dining areas (Area 1 in Exhibit C of Agreement) on a quarterly basis, 4. In addition to plaza and dining areas, Tarboosh shall keep surrounding landscaped portions of The Paseo (Area 2 on Exhibit D of Agreement) free from all garbage, refuse and recyclables on a daily basis, 5. Tarboosh shall comply with all conditions of any entitlements and permits. Failure to do so shall constitute a material breach of the License Agreement. The use of the space may not commence until a new Planning Use Permit is obtained (expected by the end of the week of January 22nd), although the monthly fee commences upon issuance of the Notice to Proceed with improvements, Issues to be resolved with the new Use Permit include outside storage, delivery area, hours of operation, and clearance requirements for current sidewalk cafe area, 6. Permanent improvements to the dining area require a construction permit. Costs for removing all permanent improvements will be covered by a bond, City reserves the right to have permanent improvements become part of the property, Fiscal Impact Tarboosh will provide $3,000 in advance user fees as noted, and be responsible for a $500/month license payment or $6,000 per year. In addition, they shall power wash the patio/plaza area quarterly, which is an estimated annual cost of $3,200 to $4,400. Thus, their total annual contribution will range from $9,200 to $10,400, The advance user fees may be used for license payments due should Tarboosh vacate the premises prior to the expiration of the license term. The total annual estimated maintenance cost for the entire Paseo area (excluding the power washing for the patio/plaza area) ranges from a low of $11,405 to a high of $18,208, The City will be responsible for those maintenance costs. Thus, the net impact to the City for maintaining The Paseo, (assuming the lease payments are applied to the City's maintenance costs for the entire Paseo area including the walkways, the bioswale area and the perimeter) will range from $5,405 to $12,208 annually depending upon use and activity, These costs will be absorbed into the Downtown fy1anagement and Maintenance Program budget and will include landscape maintenance., tree trimming, water, trash pickup nd recycling, and power washing of the w~~kwa~s.^ r "~ -. ~_~ 4<- < ~ udia Ola~~, - Susan Moeller COmmUnilyl;1evelopmen/ Redevelop~_e: Ma~a/ Peter Ingram Y- Ed EverettW-- Community Development Director City Manager Attachment License Agreement, with Exhibits REDEVSHARED_2007 STAFF REPORTS_01-2007_Tarboosh 2