Scottsdale City Council voted unanimously Tuesday, Feb. 3 to continue a study of downtown Scottsdale parking, further postponing a decision on a proposed lease agreement that would result in 70 new parking spaces and a public restroom.
The lease agreement would increase downtown parking while eliminating the need for public funding, a Feb. 3 staff report describes. Construction on the existing surface parking lot would result in a public restroom and 175 parking spaces, a minimum of 105 to offer free parking.
According to the agreement outlined in the report, construction must be completed within four to five years with parking lot restrictions at certain points during construction.
The lessee, Equity Partners Group, LLC, would rent the 0.97 acre property for 30 years, which upon completion the group has the option to purchase the lot.
City council first saw the lease and option agreement last November and voted 4-3 to postpone approval of the lease so that a study of downtown Scottsdale parking could be completed, the staff report states.
When city council next saw the lease and Adoption Agreement, on Feb. 3, council members voted again to postpone approval of the lease. This was the recommended response according to the Public Works Division, Capital Project Management and the Transportation Department, who compiled the staff report.
This time the motion carried 7-0 to continue the downtown parking study.
While Equity Partners Group, LLC did agree to honor the proposal between November and February, it is not yet known whether the company will agree to further delay.
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