Laserfiche WebLink
1 <br />PARKING DEFERMENT AGREEMENT <br />This Agreement is entered into by and between the City of Lino Lakes, a Minnesota <br />municipal corporation, and Lariat Companies, Inc, a Minnesota business corporation, effective <br />______________, 2024. <br />Recitals <br />1.Lariat Companies, Inc. is constructing a new facility (Facility) at 440 Park Court, Lino <br />Lakes, MN 55014. <br />2.The legal description of the property (Property) is Lot 4, Block 1, Marshan Lake Industrial Park. <br />3.Lariat Companies, Inc. requested a reduction in the number of required parking spaces <br />pursuant to the parking deferment provisions of City Code Section 1007.052(7). <br />4.The City agrees to reduce the number of required spaces provided all requirements of <br />City Code Section 1007.052(7) are, and remain, satisfied. <br />Agreement <br />1.The City agrees to defer the parking space requirements set forth in City Code Section <br />1007.052 for the Property subject to the following conditions: <br />a.Lariat Companies, Inc. shall install a minimum of 31 improved parking spaces and <br />shall provide for a minimum of 11 deferred parking spaces. This number shall <br />not be decreased without written permission from the City. <br />b.On-site parking only occurs in areas designed and constructed for parking in <br />accordance with the City Code. <br />c.Additional parking shall be installed by the Property owner if the City Community <br />Development Director finds that such additional spaces are necessary to <br />accommodate the use of the Facility. Any additional spaces shall be constructed <br />in accordance with the ordinance requirements existing as of the date of this <br />Agreement. <br />d.Any change in the use of the Property requires compliance with the then-current <br />Zoning Code standards for parking. <br />2.Lariat Companies, Inc., its employees, successors and assigns, agrees to adhere to these <br />conditions in consideration for receipt of the parking deferral. <br />3.This Agreement may only be modified in a writing signed by both parties. <br />Attachment 6: Parking Deferment Agreement <br />131