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Item No. 17 <br />memorandum <br />TO: Mayor & City Council <br />FROM: John Godwin, City Manager <br />SUBJECT: Archers for Christ Lease Agreement <br />DATE: July 18, 2016 <br />BACKGROUND: The Archers for Christ have leased this property for the past 15 years. They <br />have maintained and used the property according to the terms of the original lease agreement. <br />STATUS OF ISSUE: The current lease expires on September 30, 2016 and the Archers for <br />Christ would like to enter into a new lease agreement with the City of Paris. The proposed lease <br />is for a five year term with an option for an additional five year term. There is no dollar <br />compensation for the lease, but the Archers agree to perform a list of covenants identified by the <br />letters A through R in the lease agreement. The City may cancel the lease upon thirty days <br />written notice. <br />BUDGET: NA. <br />RECOMMENDATION: Approve a new lease agreement with Archers for Christ for a portion <br />of the Lake Crook Property as described. <br />