City of Alexandria, Virginia
________________
MEMORANDUM
DATE: JANUARY 2, 2019
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of a Proposal to Modify and Extend the Public Parking Agreement at 115 S. Union Street
BODY
ISSUE: Consideration of a proposal to modify and extend the 1987 public parking agreement at 115 S. Union Street (Attachment 1) with 115 S. Union Street, LLC, the current owner of 115 S. Union Street.
RECOMMENDATION: That the City Council authorize the City Manager to execute an amendment to the agreement dated January 16, 1987, with terms that generally conform to those described herein and are reflected in the draft labeled as Attachment 2.
BACKGROUND: In 1987, the City of Alexandria entered into a public parking agreement with the developer of 115 S. Union Street to construct an additional eighteen (18) parking spaces as part of a new office building project. This agreement required the building owner to set aside thirty-eight (38) parking spaces for hourly, transient, and daily parking at all times and make all one hundred (100) parking spaces available for hourly and transient parking on nights and weekends in exchange for $200,000 (about $438,000 in today's dollars) from the City of Alexandria. Without action by the City, this agreement will expire July 31, 2028.
In June 2017, the Council considered a request to modify and extend the parking agreement with the then owner of the building who was planning to change the building from an office building to a boutique hotel. Under this agreement, some of the public spaces would have been used for the hotel. In exchange for the reduction to public parking that was available in the garage and the improvements to the building, the agreement was proposed to be extended.
Although the hotel did receive approval of the required special use permit and the Council approved modifying the parking agreement,...
Click here for full text