HomeMy WebLinkAbout~Master - Lease Agreement with ISU for Franklin Park RESOLUTION NO. 16-025
RESOLUTION APPROVING LEASE AGREEMENT WITH IOWA STATE
UNIVERSITY FOR FRANKLIN PARK
FOR THE CITY OF AMES
WHEREAS,several parks or portions ofparks in the Ames park system are leased from Iowa
State University(ISU); and,
WHEREAS,five of these leases expired March 1,2015,however,prior to that date,the City
Council approved an amendment for each that extended the lease through January 31, 2016; and,
WHEREAS,since the Board of Regents will not take action on these leases until its February
meeting,Iowa State University has approved continuing under the existing lease terms until March 1,
2016; and,
WHEREAS, staff has met with ISU representatives regarding renewing the leases for 50
years, and both parties are in agreement; and,
WHEREAS, this Lease Agreement will allow the City to continue using Franklin Park
through January 31, 2066.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Lease Agreement between the City of Ames and Iowa State University for Franklin Park,
which extends the Lease through January 31, 2066, is hereby approved.
ADOPTED THIS 12`h day of January, 2016.
C4144�2
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Gartin
Seconded by: Nelson
Voting aye: Betcher, Beatty-Hansen, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 12"'day of January, 2016.