Title
Resolution Authorizing a Lease Agreement with the Public Cultural and Entertainment Facilities Cooperative District
Summary
Description of Topic: (who, what, where, when, why and how much)
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, The Foley Event Center project needs to have insurance and operation of the facility requires oversight, and
WHEREAS, The City of Foley Council desires to enter into a lease agreement with the Public Cultural and Entertainment Facilities Cooperative District (PCEFCD) for the property.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves a lease agreement with the PCEFCD for purposes stated above and authorizes the Mayor to execute the lease.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.