TITLE
Title
LEASE OF LAND AT 715 SUMMIT AVENUE, GREENSBORO, NC TO THE CITY OF GREENSBORO
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SPONSOR
Sponsor
Eric Hilton (Chelsea Swaim)
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BACKGROUND
Background
The City of Greensboro wishes to continue its lease of land located at 715 Summit Avenue, Greensboro, NC, commonly referred to as the Sternberger Park. Guilford County wishes to enter into a sixty-six (66) month lease with the City beginning on July 1, 2024 ending on December 31, 2029 at an annual rental rate of $1.00.
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BUDGET IMPACT
Budget Impact
FUNDS COMMENSURATE WITH ADOPTION OF THE FY 2024-25 BUDGET
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REQUESTED ACTION
Requested Action
Approve, in substantial form, a sixty-six (66) month lease agreement with the City of Greensboro for the lease of land located at 715 Summit Avenue, Greensboro, NC, and authorize staff to take all reasonable actions to finalize and execute said lease.
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