AGENDA CAPTION:
Title
Consider approval, by motion, of the following matters pertaining to the lease of property located at 201 South LBJ (the site of the former Dixie Cream Donut Shop):
a) Approving the acceptance of an amount in settlement of rent due under an existing lease of real property located at 201 South LBJ.
b) Approving the termination of the existing lease
c) Approving a new Lease Agreement of the property with Suenos & Rezo, LLC for the operation of a frozen yogurt shop and authorizing the City Manager to execute the Lease Agreement.
Body
Meeting date: May 1, 2018
Department: City Manager's Office, Steve Parker, Assistant City Manager
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
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Background Information:
At the end of 2013, the City of San Marcos acquired 9,817 square feet of land at the northeast corner of LBJ and MLK from Union Pacific Railroad (UPRR). The 9,817 square foot piece of land acquired was from an original parcel totaling 14,317. This made the City a 68.6% owner of the parcel along with UPRR who holds 31.4%. The building, which sits on top of the property, was formerly owned by Dan Anderson and was ultimately sold to Ruben Becerra in 2015. The City and UPRR have held a ground le...
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