MEMORANDUMParking License Agreement • June 3rd, 2016
Contract Type FiledJune 3rd, 2016Attached hereto for your consideration is a proposed Third Modification of the Parking License Agreement (“Agreement”) with Branch Banking and Trust Company (BB&T) for leased parking in City Lot C, also referred to as the BB&T lot located at the 100 Block of North Tennessee Avenue across from Munn Park. The initial Parking License Agreement with BB&T was approved by the City Commission in September 2010 and subsequently modified in April 2011 and again in September 2015, which included renewal of the Agreement for a five (5) year term.