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09 - Lake Gibbons Pasture LeaseItem No. 9 TO: Mayor & City Council John Godwin, City Manager FROM: Jerry McDaniel, Public Works Director SUBJECT: PASTURE LEASE DATE: October 10, 2018 BACKGROUND: Because the Pasture Lease expired, bids were advertised on September 23rd and September 30th for the Lake Gibbons Pasture Lease for five years. Bids were received and opened on Tuesday October 2nd at 3:00pm. The bid tabulation sheet dated October 2"d is attached with bid details. STATUS OF ISSUE: The City of Paris Public Works Department received two sealed bids for the Lake Gibbons Pasture Lease and would like to award bid according to the bidder as indicated. BUDGET: N/A. RECOMMENDATION: Award bid to Cole Pridemore as indicated on the attached bid tabulation sheet, in the approximate amount of $3,456.75 per year. BID TABULATION PASTURE LEASE LAKE GIBBONS PROPERTY