14, 375 sq ft Vacant Land Available for Lease

Overview The Niagara Frontier Transportation Authority (NFTA) located in Erie and Niagara County, New York, is seeking proposals from qualified parties interested in entering into a License Agreement for 14,375 square feet [ .33 Acres] of vacant land, zoned "D-OG" Open Space-Green. The address is 125 Chicago Street, with the available area located on Miami Street portion of the parcel ("Premises"). Terms The term of the agreement is negotiable, and the minimum asking price is Five Thousand Dollars ($5,000.00) annually with a three percent (3%) annual escalation. The agreement(s) will grant the licensee use of the Premises in an "as is" condition; the licensee is responsible for making the Premises suitable for its intended purpose. This will include any permitting or zoning requirements. Insurance Requirements At all times throughout the term of the agreement, licensee agrees to procure and maintain at its expense insurance of the kinds and in the amounts hereafter required, with insurance companies licensed to do business in New York State, covering all operations under the agreement whether performed by it or its sub-licensees. The insurance companies affording coverage must be deemed acceptable to the NFTA throughout the term of the agreement. If any insurance company is deemed unacceptable to the NFTA the licensee agrees to procure and maintain at its expense coverage with an acceptable insurer as soon as notified by the NFTA. The policies shall provide for a 30-day notice to the NFTA prior to termination cancellation or change and the Niagara Frontier Transportation Authority shall be listed as Certificate Holder. Licensee shall supply the NFTA certificate(s) of insurance providing evidence of insurance coverage for the licensee for the following coverage: · Commercial General Liability Insurance including coverage for property damage, bodily injury, personal injury and completed operations with a single limit of at least $1,000,000 per occurrence with a $2,000,000 aggregate. The certificate shall name the Niagara Frontier Transportation Authority as an additional insured. · If any motor vehicle is used in the work, Auto Liability Insurance covering bodily injury and property damage with minimum combined single limit of $1,000,000. The certificate shall name the Niagara Frontier Transportation Authority as an additional insured. · Workers' Compensation and Employer's Liability in accordance with the applicable laws of the State of New York · Coverage for damage to rented premises of $500,000. The NFTA and the licensee agree to waive all rights against each other for damages to the extent covered by the insurance. The licensee shall require similar reciprocal waivers by all sub-licensees. This policy shall recognize such waivers of recovery by an appropriate Waiver of Subrogation Clause Endorsement, excluding any subrogation rights granted under New York Law to the contrary notwithstanding. Above needed insurance coverage should be provided on a primary and non-contributory basis. Copies of any required policies shall be provided to the NFTA upon request. The NFTA has the right to modify insurance requirements as conditions warrant. Please submit a letter of interest/proposals digitally to Property.Management@nfta.com which includes the proposed rate per square foot and term of the agreement. The evaluation criteria for a successful proponent will be the highest proposed lease value of proponent that proposes a compatible use Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None