Title
RESOLUTION AUTHORIZING A LICENSE AGREEMENT FOR BAYFRONT PROPERTY BETWEEN DEDA AND CITY OF DULUTH RELATED TO VEHICULAR PARKING AND BAYFRONT PARK RELATED PURPOSES
Body
CITY PROPOSAL:
BE IT RESOLVED, that the proper City officials are hereby authorized to enter into a License Agreement with the Duluth Economic Development Authority (“DEDA”) for the DEDA Parking Lot B (the “DEDA Lot”) and certain property adjacent to the DEDA Lot (the “Adjoining DEDA Property”), as outlined in yellow and red, respectively, on the attached Exhibit A - with the City of Duluth for parking and other uses consistent with activities typically held at and associated with Bayfront Festival Park at no cost to the City.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize a License Agreement for use of the DEDA parking lot property (the DEDA lot) adjacent to Bayfront Festival Park, as well as the adjoining DEDA property, by the City of Duluth. Said agreement will allow the City to operate the DEDA Lot and to allow the City use of the adjoining DEDA property for Bayfront Festival Park-related purposes. This agreement also provides DEDA’s consent of Winterfell Management LLC undertaking some or all of the City’s rights and interests as laid out in the Bayfront Operation and Management Agreement which is included as Attachment A.
The permitted uses for the DEDA property include parking and other uses compatible with Bayfront Festival Park. The adjoining DEDA property may be used by the City solely for purposes consistent with the use of the remainder of Bayfront Festival Park. A graphic depicting the property is included as part of the License Agreement (Exhibit A).
The License Agreement between DEDA and the City will be authorized through May 31, 2026.