Item 5G Item 5G. Authorization to renew a lease agreement for grazing on approximately 4.5 acres of undeveloped park property
Coker Property
Proposed Renewal of Lease Agreement
Approximately 4.5 acres of undeveloped land along eastern boundary of City (Lonesome Dove and Foxfire)
Mix of pasture / low level vegetation
Cost effective method of maintenance
- No staff time required
No impact on equipment or supplies
Estimated cost saving of $2,000 annually
Proposed Renewal of Lease Agreement
Current agreement expires July 30, 2006
Proposed renewal with Mr. and Mrs. Gary Yates for a two year period
Opportunity to terminate with sixty days written notice
Tenants accept the property in existing condition
Lease agreement based on previous document and reviewed by City Attorney
Parks Board reviewed at their June 12, 2006 meeting and recommended approval (5-0)
Proposed Renewal of Lease Agreement
Staff is available for comments or questions and seeks Council direction