BY COUNCILOR STOVER:RESOLUTION AUTHORIZING AN AGREEMENT WITH BUILDING D, INC., AND BANANAZ L.P. FOR THE EXTENSION OF BAYWALK ACROSS PROPERTY ADJACENT TO MINNESOTA SLIP IN THE AMOUNT OF $161,198.
RESOLVED, that the proper city officials are hereby authorized to execute
an agreement, substantially in the form of that which is on file in the
office of the city clerk as Public Document No. __________, with Building
D, Inc., and Bananaz Limited Partnership for the extension of the baywalk
facility across their property adjacent to Minnesota Slip in the amount
of $161,198, payable from Fund 0255.
Baywalk presently runs from the ship canal along the bay frontage and then westerly along the north side of the face of Minnesota Slip to the slip ("baby") bridge. It is ultimately anticipated to circumnavigate the entirety of the slip and ultimately continue past the DECC to Bayfront. Negotiations are currently nearing completion with the owner of Building N, Inc., the next property to the north of the bridge. However, Building D, the next property in line, is currently leased to Bananaz L.P. which is performing substantial remodeling to the Building D structure with a view toward opening a new business at the end of May, 2001. It is therefore critical that the area of the easement and the nature of the construction be agreed to at this time so it can meet the required timetable.
This agreement calls for the owner of Building D to dedicate an easement along the slip that is about 17 feet wide for the length of the building, a distance of approximately 380 feet, which will encompass the southerly portion of the building and to construct the Baywalk actually through the building itself. If the building is demolished in the future, the easement will revert to a ten foot wide easement which the owner will be required to restore after demolition.
The city will reimburse the tenant of a portion of the costs of constructing the extension in the amount of $161,198. This will pay for such construction costs as the walking surface, building openings, walls and ceilings and building systems affect by the construction.