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Committee approves third amendment to ground lease with U.S. Bank setting seven‑month removal window for parking lot
5418291 · July 16, 2025
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Summary
The committee voted 6-0 to recommend City Council approve a third amendment to the ground lease with U.S. Bank National Association, giving the bank seven months after its office lease termination to remove a parking lot and restore the property.
The Finance, Administration & Economic Development Committee recommended City Council approval of a third amendment to the city's ground lease with U.S. Bank National Association concerning a parking lot adjacent to 11200 Foster Street.
Staff explained the original ground lease ties the…
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