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Item 5G AudioIntegrity Item 5 G . Innovation Accountability Commitment to Excellence Authorization to renew a lease agreement for grazing on approximately 4.5 acres of undeveloped park property Proposed Renewal of Lease Agreement Integrity — • Approximately 4.5 acres of undeveloped Innovation land along eastern boundary of City Accountability (Lonesome Dove and Foxfire) Commitment to Excellence 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 L • Current agreement expires July 30, 2006 Integrity Innovation • Proposed renewal with Mr. and Mrs. Gary Yates for a two Accountability year period Commitment to Excellence Opportunity to terminate with sixty days written notice • Tennaants accept the property in existing condition • Lease agreement based on previous document and reviewe by City Attorney • Parks Board reviewed at thei recommended approval (5-0, Proposed Renewal of Lease Agreement Integrity Innovation • Staff is available for comments or Accountability questions and seeks Council direction Commitment to Excellence