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CONTRACT K-1516-58: A CONTRACT BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND THE UNITED STATES POSTAL SERVICE FOR A MONTH-TO-MONTH LEASE OF CITY-OWNED PROPERTY TO BE USED FOR EMPLOYEE PARKING LOCATED AT TONHAWA STREET AND JAMES GARNER BOULEVARD AT A COST OF $1,290 PER MONTH.
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BACKGROUND: The City of Norman is currently leasing two City-owned parking lots to the United States Postal Service for use by their employees. The parking lots are located on Santa Fe Street and Tonhawa Street respectively. A map depicting the two parking areas is attached. The leases both expire on November 1, 2015. The United States Postal Service (USPS) has sent new contracts and requested that the City execute new leases for the parking areas.
DISCUSSION: The lease for the parking lot on Tonhawa Street, K-7879-36, was executed on October 31, 1978. The original term of that lease was from October 31, 1978 to October 31, 1985 with a cost of one dollar per year in rent. Within that lease, the Postal Service was given six renewal options each for a period of five years. The lease is currently in its sixth and final renewal option for the parking lot on Tonhawa expiring on October 31, 2015.
The lease for the parking lot on Santa Fe Street was executed on August 1, 1985. The original term of that lease was from August 1, 1985 to October 31, 1990 with a cost of one dollar per year in rent. Within that lease, the Postal Service was given five renewal options each for a period of five years. The lease is currently in its fifth and final renewal option for the parking lot on Santa Fe expiring on October 31, 2015.
City Staff and the USPS have worked together to negotiate new lease terms. Instead of the previous rent of $1.00/year, USPS has agreed to pay $30.00/month per parking space. There are 69 parking spaces total in the two lots. There are 43 parking spaces on Tonhawa and the total amount to be paid for Contract K-1516-58 (Tonhawa) will be $15,480...
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