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Item No. 7 <br />memorandum <br />TO: Mayor & City Council <br />Grayson Path, City Manager <br />FROM: Janice Ellis, City Clerk <br />SUBJECT: COX FIELD AGRICULTURAL LEASE EXTENSION <br />DATE: July 13, 2020 <br />BACKGROtTND: We entered into a five-year lease with Carey Eatherly & Ryan Eatherly <br />beginning January 1, 2016 and terminating December 31, 2020. The purpose of this lease was to <br />provide for the Eatherlys, adjacent ranchers, to bale hay on airport property and to provide some <br />mowing. The lease agreement allows for an extension of an additional five (5) year period, <br />provided all requirements of the lease have been met and the Tenant notifies the city of their <br />desire to extend the lease by no later than June 30, 2020. <br />STATUS OF ISSUE- On June 26, 2020, the Eatherlys notified the City that they desire to <br />extend the current lease agreement for an additional five years. I have confirmed with city staff <br />member Lance Nicholson and airport manager Jerry Richey that the Eatherlys have in fact <br />complied with the terms of the lease agreement. <br />BUDGET: Will save the City money for mowing. <br />RECOMMENDATION: Approve a Resolution extending the agricultural lease agreement with <br />Carey Eatherly and Ryan Eatherly. <br />