Title
Resolution - A Resolution of the City of Mansfield, Texas, Approving a Chapter 380 Agreement Between the City of Mansfield and Historic Mansfield Performance Park, Authorizing the Mayor to Execute Said Agreement; and Providing an Effective Date
Requested Action
That the City Council approve the agreement and authorize the Mayor to execute the agreement.
Recommendation
It is city staff’s recommendation that the City Council approve the agreement.
Description/History
This agreement provides an $800,000 grant to Historic Mansfield Performance Park for improvements made to The Lot Downtown, and a new lease agreement with them that continues their requirement to maintain the property and use as a public venue for musical, theatrical or other entertainment performances, arts and crafts events, and for ancillary park purposes, including the sale of food, drinks, and alcoholic beverages limited to beer and wine.
Justification
This agreement is necessary to assemble adjacent properties and provide for the continued operations through a new lease agreement.
Prepared By
Jason Moore, MEDC