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Item 4D Item 4D: Approve renewal of lease agreement for undeveloped property (17.373) in Bicentennial Park Lease renewal for undeveloped property in Bicentennial Park Approximately 17.373 acres of undeveloped park land along the west side of Bicentennial Park Currently leased thru July 31, 2007 for agricultural purposes Ralph and Linda Evans Provides City cost effective method of maintenance $3,500 annually Proposed 14 month lease renewal to expire September 30, 2008 No substantive changes to proposed agreement opportunity to terminate all or portion at any time w/60 days notice No interference with future development Aerial View Proposed Lease Renewal area 6.5 acres – expires June 30, 2007 17.373 acres Lease renewal for undeveloped property in Bicentennial Park Parks Board reviewed and recommended approval (5-0) at their June 11, 2007 meeting (subject to the tenant vacating existing houses per current contract date and leaving them in a clean and orderly manner free of debris). Staff is available for questions and seeks City Council consideration Staff Contact: Steve Polasek (817) 748-8018