R-12-36 RESOLUTION NO. R-12-36
A RESOLUTION APPROVING THE RENEWAL (EXTENSION) OF THE TERM OF
THAT CERTAIN PARKING LOT LEASE AGREEMENT BY AND BETWEEN THE
CITY OF FAIRFAX AS LESSEE AND THE BUSINESS INVESTMENT GROUP,LLC
AS LESSOR FOR APPROXIMATELY 46 PARKING SPACES LOCATED AT THE
INTERSECTION OF SAGER AVENUE AND UNIVERSITY DRIVE
WHEREAS, the City of Fairfax, Virginia (the "City") has determined that there continues to
be a need for additional public parking in the Old Town Fairfax area; and
WHEREAS, The Business Investment Group, LLC and the City entered into a Parking Lot
License Agreement effective as of June 30, 2004, for that certain parking lot owned by The
Business Investment Group, LLC, and consisting of approximately 46 spaces located at the
intersection of Sager Avenue and University Drive; and
WHEREAS, the City has determined that it is in the best interest of the City to exercise a
renewal (extension) provision contained within the Lease, to extend the term of the Lease
through June 30, 2013.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fairfax,
Virginia, that the City Manager is authorized to negotiate and execute a Fifth Amendment to
Lease, resulting in an extension of the term of the Lease through June 30, 2013, such Fifth
Amendment to Lease to be in a form approved by the City Attorney.
ADOPTED this 12th day of June, 2012.
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Date
ATTEST:
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City Clerk
The vote on the motion to approve was recorded as follows:
VOTE:
Councilman Drummond Aye
Councilman Greenfield Aye
Councilman Meyer Aye
Councilmember Schmidt Aye
Councilman Silverthorne Aye
Councilman Stombres Aye