Regular 6.
Regular City Council Meeting
- Meeting Date:
- 03/25/2013
- TITLE
- Centennial Park Lease-Notice of Default
- PRESENTED BY:
- Brent Brooks
- Department:
- Legal
Presentation:
Information
PROBLEM/ISSUE STATEMENT
During the March 4, 2013, work session, the Council discussed the status of the lease of a portion of Centennial Park between the City and Billings Community Youth Foundation, Inc. (BCFYI). At the conclusion of the discussion, staff recommended that the Council proceed with a Notice of Default letter to BCFYI. Council approved this recommendation and requested that the proposed Notice of Default be placed on a near future Council agenda for review and approval. Attachment A is a draft Notice of Default for Mayor and Council review. Attachment B is the current Lease between the City and BCFYI.
ALTERNATIVES ANALYZED
The Council may approve, disapprove or amend the Notice of Default.
FINANCIAL IMPACT
Other than the nominal Ten Dollars ($10.00) annual lease payment due to the City from BCFYI, there is no other financial impact to the City.
RECOMMENDATION
Staff recommends that the attached Notice of Default be approved and sent via U.S. mail, Certified Return Receipt.