Resolution - Parks and Recreation: Consider a resolution authorizing the Mayor to execute Amendment No. 5 to the Lease Agreement, with Joyland Amusement Park, to extend the term until December 31, 2021.
Item Summary
This item is a resolution authorizing the Mayor to execute, on behalf of the City of Lubbock, Amendment No. 5 to the Joyland Amusement Park Lease Agreement, extending the term through December 31, 2021. The current Lease Agreement will expire on October 31, 2021. Amendment No. 5 extends the existing agreement through the end of the year, providing time to complete the ongoing negotiations on a new Lease Agreement.