Title
Lease with the City of Charlotte - Little Sugar Creek Greenway Trail
Action
ACTION:
Authorize the County Manager to negotiate and execute a lease with the City of Charlotte for recreational biking and walking trails on City owned Tax Parcels 173-065-38 (+/-6.34 Acres) and 173-065-39 (+/- 1.55 Acres) on Archdale Drive
Staff Contact: Jennifer Moore, Real Estate Coordinator
Presentation: No
BACKGROUND/JUSTIFICATION:
The City of Charlotte owns Tax Parcels 173-065-38 and 173-065-39 located at 2501 Archdale Drive along the Little Sugar Creek Greenway. The parcels combined consist of approximately +/- 7.884 acres. The County would like to enter a lease for said parcels to construct, maintain and operate non-motorized bicycling and walking trails for recreational use by the general public. Proposed business terms are as follows:
Location - Tax Parcel 173-065-38 and 173-065-39 located at 2501 Archdale Drive, Charlotte, N.C.
Lease Term - Five (5) Years
Option to Renew - Three (3) Five (5) year renewal options
Termination - Either City or County may elect to terminate the lease with 90 days written notice
Uses - The property shall be operated and maintained for the benefit of the general public with uses limited to non-motorized bicycling and walking
Maintenance - County shall be responsible for maintaining the premises in good order and repair and in a clean, safe and sanitary condition
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A