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Item 4NInnovation ◊ Integrity ◊ Accountability ◊ Commitment to Excellence ◊ Teamwork Irrevocable License and Parking, Management and Use Agreement Between the City of Southlake and Tarrant County 2003 License Agreement Background 2005 Operating Agreement (City of Southlake, developer) 2007 License Agreement (City of Southlake, Tarrant County) (City of Southlake, Tarrant County, developer) Agreement Terms 55 non-exclusive parking spaces Excludes ground & second floor parking 25% annual license fee Term continues until December 31, 2106 Existing license agreement is terminated Innovation ◊ Integrity ◊ Accountability ◊ Commitment to Excellence ◊ Teamwork Questions? Sharen Jackson (817) 748-8042