Common Contracts
1 similar Land Lease Agreement contracts
Topic: Land Lease AgreementLand Lease Agreement • August 31st, 2020
The area south of the Allen Building, which has been used as a parking lot for many years by occupants of the Allen Building, is actually owned by BNSF railroad. This area is required for meeting parking requirements for the future residential redevelopment of "Allen Lofts". The developer has agreed to reimburse the City for $2500 of this costs. The remaining $633 is a one time, and required, insurance fee to provide coverage for the demolition of the portions of this building which were constructed on property owned by the railroad. City crews will be removing these portions of the building.
