Difference between revisions of "701 East Market Street"

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'''701 East Market Street''' is a parcel owned by [[Albemarle County]] presently used as a parking lot. It is located on [[Market Street]] between 7th & 8th St E. Pursuant to the 2018 city-county [[:File:City County MOA re Courts Relocation OCR.pdf|agreement]] to avert [[Albemarle County Courts Relocation|courts relocation]], Albemarle agreed to sell the parcel to the [[City of Charlottesville|City]] at one-half appraised value for construction of a parking structure. Ninety spaces in the structure, at ground level or as close as available, will be leased to Albemarle for $1 per year plus pro rata operating expenses at a 15 percent discount, for exclusive use of the county during court hours. The proposed structure would span 701 E. Market and an adjoining city-owned lot, presently home to [[Guadalajara]] and [[Lucky 7]].
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'''701 East Market Street''' is a parcel co-owned by [[Charlottesville]] and [[Albemarle County]] presently used as a parking lot. It is located on [[Market Street]] between 7th & 8th St E. Pursuant to the 2018 city-county [[:File:City County MOA re Courts Relocation OCR.pdf|agreement]] to avert [[Albemarle County Courts Relocation|courts relocation]], Albemarle agreed to sell its 50% share in the parcel to the [[City of Charlottesville|City]] at the appraised value for construction of a parking structure. Ninety spaces in the structure, at ground level or as close as available, will be leased to Albemarle for $1 per year plus pro rata operating expenses at a 15 percent discount, for exclusive use of the county during court hours. The proposed structure would span 701 E. Market and an adjoining city-owned lot, presently home to [[Guadalajara]] and [[Lucky 7]].
 
 
  
 
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==Resources==
 
==Resources==
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*[[File:20191202-CC-701-East-Market-Street.pdf]] – December 2, 2019 Staff Report for City Council meeting]]
 
*[[File:20191202-CC-701-East-Market-Street.pdf]] – December 2, 2019 Staff Report for City Council meeting]]
  

Latest revision as of 12:49, 28 February 2020

701 East Market Street is a parcel co-owned by Charlottesville and Albemarle County presently used as a parking lot. It is located on Market Street between 7th & 8th St E. Pursuant to the 2018 city-county agreement to avert courts relocation, Albemarle agreed to sell its 50% share in the parcel to the City at the appraised value for construction of a parking structure. Ninety spaces in the structure, at ground level or as close as available, will be leased to Albemarle for $1 per year plus pro rata operating expenses at a 15 percent discount, for exclusive use of the county during court hours. The proposed structure would span 701 E. Market and an adjoining city-owned lot, presently home to Guadalajara and Lucky 7.


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