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Item 5E AudioIntegrity Innovation Accountability Commitment to Item 5 E Excellence Approve a grazing lease between City of Southlake and Roger Hutton <1 Lease Agreement Details Integrity Innovation • Mr. Hutton began leasing the property Accountability (30 acres) located at 160 East Dove Commitment to Excellence Road (DIPS North Facility Site) in 2002 eamwork . Mr. Hutton uses the property for grazing cattle; • The lease requires for Mr. Hutton to install and maintain any fencing necessary to keep livestock confined; <1 Lease Agreement Details Integrity-W • Mr. Hutton must obey all laws, w Innovation ordinances, and rules and regulations Accountability applicable to the use, condition, and44 Commitment to Excellence occupancy of the premises; • The rent is $8.00 per acre per year ($240 annually) and the lease is for twelve months from November 1, 2006 until November 1, 2007; • The proposed lease agreement is consistent with the existing lease agreement; ,41 Integrity Innovation Accountability • QUESTIONS? Commitment to Excellence Sharen Jackson 817.748.8042