Title
RESOLUTION AUTHORIZING A SECOND AMENDMENT TO THE LICENSE AGREEMENT WITH THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY FOR DEDA LOT B.
Body
CITY PROPOSAL:
RESOLVED that the proper city officials are hereby authorized to enter into a Second Amendment to the License Agreement (City Contract No. 22551-01) with the Duluth economic development authority, substantially in the form of that attached hereto as Exhibit A, extending the term of the agreement.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes an amendment to the License Agreement (City Contract 22551) with Duluth Economic Development Authority (DEDA) which allows the City to operate DEDA Lot B in Bayfront for vehicular parking and to further allow the City use of DEDA-owned property adjacent to Lot B located in Bayfront Festival Park for Bayfront Festival Park-related purposes. The term of the license is set to expire on December 31, 2017. This amendment extends the term of the License Agreement until December 31, 2018. The License Agreement is at no cost to the City.