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Council approves short-term lease extension for Welch Lot T, and directs legal review of tax status
Summary
The council approved a two-year extension and adjusted rates for the privately owned Welch Lot T parking area in Campus Town to offset operating losses. Staff will negotiate a lease and evaluate longer-term parking strategy; the council also asked the legal department to review property tax treatment for leased parking properties.
The Ames City Council on Monday approved a short-term extension of the city’s lease for Welch Lot T in Campus Town, and directed staff to pursue a two-year agreement that includes adjusted parking rates to make operations nearer breakeven.
City staff explained that Welch Lot T (a surface lot used for public parking in Campus Town) has operated at a loss because the city leases the land rather than owns the parcel; the lease also requires the city to pay a pro‑rata…
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