From
Fannie Mae Smith
Title
Five-year sublease to the Golden Triangle Radio Control Club, Inc of approximately 15 acres of land located within Low Branch Park, and adjacent Joe Pool Lake for a rental payment of $1,500 (One Thousand Five Hundred Dollars) per year to the City during the term of the sublease agreement
Presenter
Rick Herold, Parks, Arts and Recreation Director
Recommended Action
Approve
Analysis
The City of Grand Prairie has leased the property of Low Branch Park from the U.S. Army Corp of Engineers under the terms of modifications No. 2 to contract number DACEW63-76-C-1066. The City will sublease to the Golden Triangle Radio Control Club, Inc. approximately 15 acres of land located with Low Branch Park, and adjacent to Joe Pool Lake for the purpose of recreational flying of radio control aircraft.
Financial Consideration
This sublease agreement by City shall be the payment of an annual rental of One Thousand Five Hundred Dollars ($1500.00) per year during the term of the sublease agreement. The sublease agreement is subject to the terms and conditions set forth in the lease agreement between the City of Grand Prairie, Texas and the United States Army Corp of Engineers.