Title
Parkland Master Lease - Town of Huntersville
Action
ACTION:
Authorize the County Manager to negotiate and execute a new master lease agreement with the Town of Huntersville that will combine individual existing leases with the Town for multiple County-owned park sites and will extend the lease term to December 31, 2050. The new master lease agreement will include the following parks:
· David B. Waymer Park - Tax Parcels 019-093-05, 019-093-04, 019-091-12, and 019-091-11; and
· Richard Barry Park - Tax Parcel 013-091-01; and
· R.C. Bradford Park - Tax Parcels 011-271-01, 011-271-09, and 011-141-12; and
· North Mecklenburg Park - Tax Parcels 009-111-19, 009-111-31, 009-111-30, 009-111-27, and 009111-20
Staff Contact: Jennifer Moore, Real Estate Coordinator
Presentation: No
BACKGROUND/JUSTIFICATION:
The County has a longstanding practice of partnering with municipalities within the County to deliver park amenities to area residents through leasing County-own parkland to towns for development, operation, and maintenance. The Town of Huntersville has leased several County-owned parks for a number of years. Recently, the Town approached the County with a request to create a master lease agreement for several of these leased parks and to extend the termination date for all to December 31, 2050 from the following dates:
· David B. Waymer Park - January 31, 2028 expiration date
· Richard Barry Park - January 21, 2044 expiration date
· R.C. Bradford Park - April 1, 2049 expiration date
· North Mecklenburg Park - July 7, 2024 expiration date
Extending the lease term and combining the individual leases into a new master lease will give the Town the ability to apply for state grants such as Parks and Recreation Trust Fund, Accessibility for Parks, and State Trails Grants. These grants require the applicant to either own the land or have a land lease of 25 years or more. By extending the land leases ...
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