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AI# 10434
Regular City Council Meeting
7.5.
02/08/2022:
Information
Agenda Item
Resolution - Right-of-Way:
Consider a resolution authorizing the Mayor to execute Contract 16379, a Lease Agreement, with South Plains Archery Club, to lease 156 pasture acres for a nonprofit 3-D Archery Club on City-owned property at 5905 FM 835.
Item Summary
The Lease Agreement allows South Plains Archery Club to lease 156 acres of pasture land in Block S, Section 18, Lubbock County Texas. This property is located on East 50th Street and is part of the Lubbock Land Application Site, outside the effluent pivot system area. The South Plains Archery Club works closely with area 4-H Clubs, and they donate targets, set up, and work during the 4-H annual Archery Tournament hosted by selected schools. The club operates with a Board of Officers and holds a $1,000,000 insurance policy.
This is a lease renewal that expired, and the City of Lubbock and South Plains Archery Club would like to renew this lease. This Lease Agreement establishes an annual payment to the City of $1,200 for the first year. The annual rent shall increase at a rate of 5% per year, for the remainder of the primary term.
Fiscal Impact
$1,200 revenue to Wastewater Fund
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Attachments
Resolution - Lease Agreement - South Plains Archery Club
Lease Agreement - South Plains Archery Club
Map - South Plains Archery Club
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