Speaker 0: Please read as an exigent item.
Speaker 1: Agenda item ten Council Bill 119007 An ordinance granting by Bike Path one LLC permission to operate and maintain a portion of an existing one storey commercial building on a portion of Northeast 45th Street, west of 38th Avenue, northeast. For a ten year term renewable for two successive ten year terms. The committee recommends the bill pass.
Speaker 0: Customer from Brian.
Speaker 4: Yes, this is an interesting one. This is a property situated somewhere between University Village and Children's Hospital on Northeast 45th Street. It's on the northeast sorry, the south side of Northeast 45th Street, essentially across from the Gilman Trail. This property was built, I believe, in the the building on there was constructed, I believe, in 1959, recently changed ownership hands. And somewhere in the process, I believe the new owner came in to the city and it was reviewed and it appears it was discovered that the original building was actually built in part over public right away . And so there's a couple of options there. The city could require the building to be the portion that's on public right of way to be torn down. The city determined that it had no immediate need for that right away. So instead we agreed to lease the new building, honor the public right away where the property is and has been standing for over 50 years. As the title says, this could be up to 230 years to ten year terms, but the city does retain the right to terminate this. If at some point it finds it needs that right away. There's also a bond required with this so that that bond would cover the cost of reconstruction of the building to remove the portion that is in the public right away. If the city on short notice needed to reclaim that.
Speaker 0: Or get any further comments. These got the roll on the passage of the bill.
Speaker 2: Gonzalez i herbold i Johnson was i o'brien. I beg Sean Burgess, President Harrell I aid in favor and unopposed.
Speaker 0: Bill passed the chair will sign it. Please read the next agenda item short title.
AN ORDINANCE granting Bike Path 1, LLC permission to operate and maintain a portion of an existing one-story commercial building on a portion of Northeast 45th Street, west of 38th Avenue Northeast, for a ten-year term, renewable for two successive ten-year terms; specifying the conditions under which this permit is granted; and providing for the acceptance of the permit and conditions.