Item Coversheet

Council Communication

Department: Legal
Case/Project No.:
Submitted by: Legal Department 		Resolution 19-208
ITEM 3.C.		Council Action: 9/9/2019
Description

Resolution of intent to dispose and set of Public Hearing for September 23, 2019 at 7:00 p.m. for an interest in city property by entering into a five year billboard lease agreement with the Lamar Companies.
Background/Discussion

This billboard is located on city property commonly referred to as the DEB parcel. 

 

We are also in the process of trying to dispose of this parcel in fee so although this has a five year term it may be terminated by giving 90 days notice at any time. 

 

The attorney for the party we are working with to acquire the property has reviewed the lease and has no objection.

Recommendation

Approval of this Resolution.
ATTACHMENTS:
DescriptionTypeUpload Date
LeaseAgreement8/29/2019
Notice for Public HearingOther8/29/2019
Resolution 19-208Resolution9/4/2019