AGENDA CAPTION:
Title
Consider approval of Resolution 2024-248R, approving a Ground Lease Agreement with Becerra Corp to lease city-owned property located at 201 South LBJ Drive for a term of 13 months; authorizing the City Manager, or her designee, to negotiate final terms and conditions related to use of the property as a restaurant and to execute said lease agreement on behalf of the city; authorizing a sublease of the property; and declaring an effective date.
Body
Meeting date: December 17, 2024
Department: Engineering & CIP
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Background Information:
In 2013, City Council approved the purchase of approximately 1.813 acres of land from Union Pacific Railroad (Resolution No. 2013-116R). The purchase included three existing commercial lease agreements that Union Pacific Railroad assigned to the City, including the property at 201 South LBJ Drive which has historically been used as a food establishment.
The attached lease agreement approves a 13-month ground lease with Becerra Corp, a Texas cor...
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