2273-2299 Sheridan Drive - Parking Lot for Lease

The Niagara Frontier Transportation Authority (NFTA) located in Erie and Niagara Counties New York, is seeking proposals from qualified parties interested in entering into a license agreement for a 4,264 square foot (irregular five-sided polygon, with sides approximately measuring 10.10 feet, 440.96 feet, 2.15 feet, and 455.56 feet) parking lot located near 2273-2299 Sheridan Drive, Tonawanda, New York.

TERMS

The Term of the agreement is negotiable, and the minimum asking price is $2,550.00 per year for access and use. The agreement(s) will grant the Licensee use of the premises in an "as is" condition; the Licensee is responsible for making the licensed premises suitable for its intended purpose. This will include any permitting or zoning requirements.

INSURANCE REQUIREMENTS

At all times throughout the term of this 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 this Agreement whether performed by it or its Permitted users. The insurance companies affording coverage must be deemed acceptable to the Authority throughout the term of this contract. If any insurance company is deemed unacceptable to the Authority Licensee agrees to procure and maintain at its expense coverage with an acceptable insurer as soon as notified by the Authority. The policies shall provide for a 30-day notice to the Authority prior to termination cancellation or change and the Niagara Frontier Transportation Authority shall be listed as Certificate Holder.

Prior to the execution of the Agreement, Licensee shall supply the Authority certificate(s) of insurance providing evidence of insurance coverage for 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.

The Authority and Licensee agree to waive all rights against each other for damages to the extent covered by the insurance. Licensee shall require similar reciprocal waivers by all Permitted users. 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 Authority upon request. The Authority has the right to modify insurance requirements as conditions warrant.

Please submit a letter of interest with terms of the Agreement and proposed price by any of the contact methods outlined below. All submissions are due no later than 8am Eastern time on 11/10/25