Item Coversheet

City of Georgetown, Texas
City Council Regular Meeting
AprilĀ 26, 2022

SUBJECT:

Consideration and possible action to approve a Lease Agreement from Block 27, LLC to allow the continued public use of the property located at 601 South Main Street and 111 East 7th Street for two years after its sale, and to authorize the City Manager to execute the Agreement -- Laurie Brewer, Assistant City Manager

ITEM SUMMARY:

This agreement is a companion to the land swap agreement for the downtown properties for the parking garage site that is also on this evening’s agenda.  This agreement allows the City to lease back the properties that it is exchanging for the new garage site on Austin Avenue.  This allows the City to continue to provide public parking at those locations until the garage is complete.

FINANCIAL IMPACT:
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SUBMITTED BY:
Danella Elliott
ATTACHMENTS:
Description
Downtown Land Swap Presentation