by Leah S » Fri Mar 30, 2007 12:13 pm
On the other thread someone suggested that Varanese needed to buy the parking lot across the street. Therein lies the problem. There is a cross access/parking agreement signed between the owners of Fabulous Finds and the owner of the (former) Red Lounge property. Red Lounge property guarantees 15 parking spaces to Fab Finds and by agreement to Nancy's who rents the front portion of the Fab Finds bldg. Fab Finds guarantees 15 parking spaces for the use of the Red Lounge property.
Fab Finds is open 11-4 p.m., Nancy's early until about 3 I believe. Red Lounge opened at 5 until late. Sooo, the parking agreement worked beautifully. During the day when Fab and Nancy's needed more parking, patrons could use the unused parking at Red.
In the evening when Fab and Nancy's are closed, the Red patrons could use the parking at Fab and Nancy's.
Varanese proposes to be open 5 until late, pretty much the hours of Red Lounge. Everything should be fine you're thinking, right? The previous parking Agreement, which still has many years to run (its a legal contract, not just a handshake agreement) should still work, right?
With the planned addition to the Red Lounge bldg, there are no longer 15 parking spaces, and therefore things fall apart. The Agreement specifies that 15 parking spaces must be available.
And that's the problem.