Title
Possible Action Regarding Project 16-15 Heritage Baptist Church Parking Lot Lease.
Requested Action
Consider request to fund lease.
Recommendation
Approve $17,500 per year for the lease per the attached estimate of costs.
Description/History
At the March 1, 2016 MEDC Board meeting, staff advised the Board that, as a part of the agreement to get Twisted Root and Quincy’s Chicken to Historic Mansfield, MEDC would be asked to offer $17,500 per year to share the cost of leasing approximately 91 parking spaces from the Heritage Baptist Church. The MPFDC is also being asked to contribute $17,500 per year.
The planning department has negotiated the attached lease.
Justification
N/A
Funding Source
4A
Prepared By
Scott Welmaker, MEDC