00-0772R

RESOLUTION AUTHORIZING A LEASE AGREEMENT WITH NORTH STAR STEEL COMPANY FOR THE LEASE OF A 4.55 ACRE STORAGE SITE BETWEEN GARFIELD AVENUE AND ST. LOUIS BAY FOR A FIVE YEAR PERIOD AT $4,800 PER YEAR.

BY COUNCILOR STOVER:

RESOLVED, that the proper city officers are hereby authorized and directed to execute a lease with the North Star Steel Company for the lease of a 4.55 acre storage site located between Garfield Avenue and the St. Louis Bay for a five year period, for a consideration of $4,800 per year, to be paid from General Fund No. 100-500-2000; said lease to be substantially in the form of the lease filed as Public Document No. ____________________.


STATEMENT OF PURPOSE:  This lease authorizes the city of Duluth to rent a 4.55 acre storage site from North Star Steel Company for $4,800 per year. The site, which is between North Star Steel and Duluth Ready Mix on the St. Louis Bay below Garfield Avenue, is used by the city primarily for snow storage.