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Utility board approves 10-year license for downtown parking lot, terminable on 60 days
Summary
The board approved a 10-year, terminable license allowing RTG Properties LLC and Global Integrate Finance to use an Evansville utility parking lot at Second and Court Streets; license requires licensees to maintain the lot and carries an annual fee of $12,000.
The Evansville Water and Sewer Utility Board approved a license on April 1, 2025, permitting two nearby entities to use a utility-owned parking lot at the corner of Second and Court Streets.
Board discussion identified the licensees as RTG Properties LLC, which is across Court Street, and Global Integrate Finance (the meeting record also referenced a nearby development that occupied the former Market Square nursing facility). Staff said the lot contains about 40 parking spaces; the agreement is written as a 10-year license but is terminable by the utility on 60 days' notice if the utility needs the property for future uses tied to the utility's IOCP or other operations.
Under the license the lessees (licensees) are responsible for maintenance of the lot, relieving the utility of that burden, and the license carries a fee of $12,000 per year. Staff described the arrangement as a way to generate revenue from a property the utility had purchased strategically for potential holding-tank or other infrastructure uses while keeping the option to reclaim the site if needed.
A motion to approve the license carried by voice vote; the transcript does not show a roll-call tally.
